Back to the complete issue
Monday, 19 June 2017

Robust FDI growth in Egypt drives inflows in North Africa

Robust foreign direct investment inflows into Egypt drove a hike in inflows in North Africa, according to the UNCTAD’s World Investment Report 2017 (pdf). FDI in Egypt rose 17% in 2016 to USD 8.1 bn, topping inflows in the region. This influx of FDI was on the back of major hydrocarbon discoveries and investments in the oil and gas sectors, including Shell’s Western Desert concession. In contrast, FDI in Morocco, the second most attractive destination for investors in 2016, fell 29% to USD 2.3 bn. Egypt was one of the few nations that beat the downslide in FDI continent-wide in 2016, with investments falling 3% to USD 59 bn. On the regulatory side, the report took note of the passing of the Investment Act in 2017, which should incentivize investments, and the formation of the Supreme Investment Council. As we noted last week, Egypt saw a net FDI inflow of USD 6.6 bn in the first three quarters of FY2016-17, mostly going to the oil sector.

Enterprise is a daily publication of Enterprise Ventures LLC, an Egyptian limited liability company (commercial register 83594), and a subsidiary of Inktank Communications. Summaries are intended for guidance only and are provided on an as-is basis; kindly refer to the source article in its original language prior to undertaking any action. Neither Enterprise Ventures nor its staff assume any responsibility or liability for the accuracy of the information contained in this publication, whether in the form of summaries or analysis. © 2022 Enterprise Ventures LLC.

Enterprise is available without charge thanks to the generous support of EFG Hermes (tax ID: 200-178-385), the leading financial services corporation in frontier emerging markets; SODIC (tax ID: 212-168-002), a leading Egyptian real estate developer; SomaBay (tax ID: 204-903-300), our Red Sea holiday partner; Infinity (tax ID: 474-939-359), the ultimate way to power cities, industries, and homes directly from nature right here in Egypt; CIRA (tax ID: 200-069-608), the leading providers of K-12 and higher level education in Egypt; Orascom Construction (tax ID: 229-988-806), the leading construction and engineering company building infrastructure in Egypt and abroad; Palm Hills Developments (tax ID: 432-737-014), a leading developer of commercial and residential properties; Etisalat Misr (tax ID: 235-071-579), the leading telecoms provider in Egypt; and Industrial Development Group (IDG) (tax ID:266-965-253), the leading builder of industrial parks in Egypt.