Egypt’s net investment flows increased to $5.7 billion, CBE

Egypt’s net inflow of foreign direct investment increased about $5.7 billion from July to December, compared to $3.3 billion in the same period in 2021.

The Central Bank of Egypt attributed this to the increase in net investments received to establish new companies or increase the capital of existing entities, to record $2.2 billion up from $1 billion dollars.

The CBE reported that foreign direct investments in non-oil sectors increased to record a net inflow of $6.6 billion up from $4.4 billion.

The Egyptian economy's international transactions during the period of July to December of the fiscal year 2022/2023 resulted in an improvement in the current account deficit at a rate of 77.2 percent to record about $1.8 billion.

Egypt has been making efforts to increase its investment flows, including the government's economic reform program, which has helped to stabilize the economy, and the Egypt’s strong macroeconomic fundamentals.