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FDI inflow to Egypt up 417% in Jan-Mar 2013

According to figures released by Egypt's central bank, Foreign Direct Investment (FDI) in the country surged 417% in the third quarter of the 2012/13 fiscal year (January 2013 to March 2013) to $1.07bn, compared with $193.3m in the previous quarter, Ahram has reported. Net FDI in the first nine months of the 2012/13 fiscal year, which began in July 2012, reached $1.3bn, the data showed.