Egypt’s FDI inflows more than double to $11.4B in 2022

Updated 7/18/2023 8:45:00 AM
Egypt’s FDI inflows more than double to $11.4B in 2022

Arab Finance: Foreign direct investment (FDI) inflows to Egypt more than doubled to $11.4 billion in 2022 from $5.1 billion in 2021, according to the UNCTAD’s latest World Investment Report.

Inflows surged as cross-border mergers and acquisitions increased and the number of announced greenfield projects in the country more than doubled to 161.

Meanwhile, international project financing deals jumped in value by two-thirds to $24 billion, the report added.

On the other hand, outflows decreased by 7% year on year (YoY) last year, reaching $342 million.

Egypt received the largest share of foreign direct investment inflows of any other African country last year, the data showed.

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