Egypt Attracts FDI worth $2.4 Billion in Q1

Egypt recorded $2.4 billion in net foreign direct investment (FDI) inflows during the first quarter of the current fiscal year, according to the Central Bank of Egypt’s balance of payments report, highlighting continued investor interest across both energy and non-energy sectors.

The report shows that FDI into the oil and mineral resources sector posted a net inflow of $9.3 million, marking a notable turnaround from net outflows recorded in the same period last year. New foreign investments in the sector reached approximately $1.57 billion, underscoring renewed confidence despite global energy market volatility.

FDI in non-petroleum sectors accounted for the bulk of inflows, recording a net $2.4 billion, supported by reinvested earnings, capital increases in existing companies, and new greenfield projects.

Analysts say the figures reflect improving sentiment toward Egypt’s broader economy, as reforms and infrastructure investments continue to enhance the investment climate.

The balance of payments data also revealed strong performance in Egypt’s export sector. Non-petroleum merchandise exports rose by $1.9 billion, reaching $9.8 billion during the first quarter of fiscal year 2025/2026.

Export growth was driven primarily by shipments of gold, household electrical appliances, and ready-made garments, alongside higher exports of agricultural products, including fresh and dried fruits and vegetables.