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Egypt: FDIs total $5.6bn in 9 months

Direct investments by EU member countries accounted for 45.3 per cent of the total investments in Q3

The value of inbound foreign direct investments (FDIs) to Egypt reached $5.6 billion in the July-2014/March 2015 period (nine months), according to fresh data.

In the same period of the 2013/2014 fiscal year, the value of FDIs stood at $2.96bn, Youm7 reports.

In the first quarter of the outgoing fiscal year (2014/2015), FDIs totalled $1.7bn from $745 million in the same period a year ago.

In the second quarter, the value of FDIs plunged to $960m compared with $1.3bn in the same period of the 2013/2014 fiscal year, according to the figures by the Central Agency for Public Mobilisation and Statistics.

However, the third quarter saw FDIs rebounding to $2.9bn from $900m in the same period last year.

Direct investments by member countries of the European Union accounted for 45.3 per cent of the total value of FDIs coming to the country in the third quarter of the 2014/2015 fiscal year.

Investments by Arab countries and the United States of America accounted for 30 per cent and 11.4 per cent, respectively, of the total value of FDIs.

($1 = AED3.67, at the time of publishing)