Electricity acquire highest investments in Q3 of FY16/17

CAIRO – 29 July 2017: Electricity and real estate sectors came out on top of sectors with increased investments in the third quarter of 2016/17 by 15.5 percent and 14.5 percent, respectively, according to the state statistics body (CAPMAS).

In its July bulletin, CAPMAS added that oil refining, water and hotels and restaurants acquired the least rate of investments in Q3 of 2016/17.

The electricity sector witnessed a surge in its investments year-on-year, where it recorded 4.3 percent in Q3 of 2015/16 and hiked to 15.5 percent in Q3 of 2016/17.

Manufacturing industries also saw a level up in its investments from 11.7 percent to 13.3 percent in the third quarter of 2016/17, the report said.

On other hand, CAPMAS noted that the investments of real estate activities, building and construction, telecommunication, natural gas and transportation and storage sectors declined year-on-year.