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Monday, 4 June 2018

FDI down year on year in 2Q2017-18, exports up

Egypt’s total FDI inflows dropped to USD 3.48 bn in 2Q2017-18, down from USD 3.98 bn in the same quarter last year, according to the central bank’s March statistical bulletin report (pdf). Europe is Egypt’s top investor, accounting for investment of USD 1.96 bn in the period, with the UK, Belgium, and France leading the pack. Investments from the Gulf and Arab world amounted to USD 722.3 mn for the quarter.

This comes as Egypt’s non-oil exports rose 16% y-o-y in 4M2018 to USD 8.6 bn, according to a Trade and Industry Ministry statement. The growth came on the back of improvements in exports across the board, including chemicals, fertilizers, and building materials, as well textiles and agricultural products.

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