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Egypt tops 2019 FDI map in Mideast, Africa
Egypt ranked number one in the 2019 Foreign Direct Investment (FDI) of the first in the Middle East and Africa, according to an infograph issued by the cabinet’s media center in view of the FDI Intelligence map.
The FDI flowing to Egypt in 2019 rose by 20.2 percent at $13.7 billion, the infograph said, noting that Egypt occupied the fourth position in the 2018 FDI map at $11.4bn.
Egypt managed to realize this progress despite a 14.9 percent decline in FDI flow to the Middle East and Africa region, registering $115.2 billion in 2019 against $135.4 billion in 2018.
The efforts exerted by Egypt to promote the investment climate, especially through drawing up relevant legislations and organizational frameworks, have reaped their fruits.
This has enhanced foreign investors’ confidence in the Egyptian economy and, hence, they were encouraged to inject more investments into Egypt over the past period despite FDI decline in the region.
The UAE came in the second position as FDI flowing to it recorded $12.8 billion, while Saudi Arabia came in the third position at $ 12.3 billion investments.
Nigeria ranked number four at $ 10.2 billion investments, while Ghana came in the fifth position at $ 4.8 billion. South Africa in the sixth position at $ 4.1 billion followed by Kenya at $ 3.8 billion.
Oman ranked number eight with investments at $ 3.5 billion, while Morocco occupied the 9th position at $ 3 billion. Côte d’Ivoire came in the 10th position at $ 2.9 billion.
Egypt has occupied the 15th position at the international level with regard to FDI in 2019, compared to the 23rd position in 2018.
The infograph added that Egypt ranked the second with regard to the number of new FDI projects in 2019.
The number of FDI projects in Egypt recorded 136 projects, marking a 60 percent in 2019.
The UAE ranked the first with 393 projects, while South Africa came in the third position with 123 projects, Saudi Arabia in the fourth with 117 ventures and Morocco in the fifth with 102 projects.
The number of FDI projects in the Middle East and Africa region surged by 38.5 percent, registering 1,746 in 2019 against 1,261 projects in 2018.
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