Thursday, November 14, 2024
name of Prensa Latina
Bandera inglesa
English Edition
Search
Close this search box.
name of Prensa Latina

NEWS

NEWS

Egypt’s foreign direct investment increased in 2022

Cairo, Jul 7 (Prensa Latina) Egypt received a total of 11.4 billion dollars in foreign direct investment (FDI) in 2022, the highest amount since 2017, the United Nations Conference on Trade and Development (UNCTAD) reported on Friday.

The text stated that Egypt’s total FDI outflows amounted to 342 million dollars last year, 25 million dollars less than in 2021.

In May, US global management consulting firm Kearney released a report stating that Egypt ranked 14th among the world’s most attractive and trusted emerging markets for foreign investment.

Egypt has implemented several measures to enhance its investment climate, address the shortage of US dollars, and stimulate domestic economy.

jrr/iff/jha/rob

LATEST NEWS
RELATED