Foreign direct investment (FDI) in Egypt in the non-oil sectors rose to $11.6 billion in the 2021-2022 fiscal year, which ended last June, to achieve an increase of 81.3 percent.
Yesterday, the Egyptian Cabinet said that FDI flows in Egypt achieved the highest rate of increase in the last 10 years.
The center published a new infographic dealing with foreign direct investment in Egypt in the non-oil sectors, explaining that the volume of investment in establishing new companies or increasing capital amounted to $3.4 billion, an increase of $2.1 billion over the previous fiscal year, constituting 29 percent of net foreign investment.
While the net retained earnings and the surplus in credit balances during 2021-2022 amounted to $4.9 billion, an increase of 11 percent over the previous fiscal year, constituting 42 percent of the net investment.
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