Egypt Zones accountACCOUNT

Egypt First Investment Destination in Africa for 2nd Year - UNCTAD

Source: www.export-egypt.com 7/14/2024, Location: Africa

Share |
The media center of the cabinet highlighted,Egypt's tireless efforts to adapt with the repercussions of consecutive global crises, lure more investments, improve national economy's competitiveness, boost its resilience and increase ability to absorb internal and external shocks through taking necessary measures to improve investment climate, including adopting legislative and institutional reforms and developing financial and monetary policies.

This came in a report by the center that included infographics on UNCTAD's report that considered Egypt the first destination for foreign direct investment (FDI) among African countries receiving 18.6 percent of total investments channeled to Africa which are estimated at 52.6 billion dollars in 2023.

The economic zone of Suez Canal alone clinched deals worth 10.8 billion dollars in the green ammonia and hydrogen domains not to mention the new 4-billion-dollar deal announced by a group of investors to produce green hydrogen.

Despite consecutive global crises, Egypt's FDI inflows increased from nine billion dollars in 2019 to 9.8 billion dollars in 2023.

Egypt ranked 32nd in terms of countries attracting direct foreign investments, according to the report.

Financials and Investment News in Egypt >>

Egypt >>  11/21/2024 - An International Monetary Fund (IMF) mission led by Ivanna Vladkova Hollar wrapped up in-person discussions with Egyptian authorities in Cairo regardi...
Egypt >>  11/21/2024 - The Engineering Export Council of Egypt (EEC) revealed that engineering industry exports increased by 25.6 percent from January to September, reaching...

Egypt >>  11/20/2024 - Prime Minister Dr. Mostafa Madbouly held a meeting this morning at the government headquarters in the New Administrative Capital with Mr. Chang Won Sa...
Egypt >>  11/20/2024 - Egyptian Prime Minister Moustafa Madbouly, with Mahmoud Esmat, Minister of Electricity and Renewable Energy Minister, and Sultan Al Jaber, UAE Ministe...

Egypt >>  11/20/2024 - Egypt and Australia have seen a significant surge in their bilateral trade relationship, with the trade volume increasing from $270 million in 2015 to...
Egypt >>  11/20/2024 - Egyptian Prime Minister Moustafa Madbouli chaired the Cabinet’s weekly meeting in the New Administrative Capital.

The Cabinet is set to add...





Egypt Oil & Gas 1 >>  2 | 3 | 4 | 5 | 6 | 7 | 8 | 9 | 10 | 11 | 12 | 13 | 14 | 15 | 16 | 17 | 18 | 19 | 20 | 21 | 22 | 23 | 24 | 25 | 26 | 27 | 28 | 29 | 30 | 31 | 32 | 33 | 34 | 35 | 36 | 37 | 38 | 39 | 40 | 41 | 42 | 43 | 44 | 45 | 46 | 47 | 48 | 49 | 50 | 51 | 52 | 53 | 54 | 55 | 56 | 57 | 58 | 59 | 60 | 61 | 62 | 63 | 64 | 65 | 66 | 67 | 68 | 69 | 70 | 71 | 72 | 73 | 74 | 75 | 76 | 77 | 78 | 79 | 80 | 81 | 82 | 83 | 84 | 85 | 86 | 87 | 88 | 89 | 90 |

More News

Oil & Gas Companies in Egypt >>

Related Links

Egypt Zones
Copyright © Universal Solutions All rights reserved. - Privacy Policy.