Morocco Emerges as Top Arab Investor in Egypt, Central Bank Data Shows

Arab countries are the main investors in Egypt, with net direct investments amounting to $6.35 billion during the period from July to March of the 2021/2022 fiscal year, compared to $2.327 billion during the same period of the previous year - a growth rate of 172.88%, according to the Central Bank of Egypt in its monthly statistical bulletin. Net foreign direct investments reached $3.51 billion in the third quarter, compared to $1.91 billion in the second quarter, a growth rate of 83.8%, the same source specifies.

With a net investment of $2.67 billion in the third quarter of fiscal year 2021/2022 compared to $1.47 billion in the second quarter (a growth rate of 81.63%), the United Arab Emirates is at the top of the countries that have invested the most in Egypt. They are followed by Kuwait ($168 million against $155 million, a growth rate of 8.39%), Qatar (about $140 million in net direct investments against $109 million, a growth rate of 28.44%) and Bahrain ($121 million against $55 billion, a growth rate of 120%).

Saudi Arabia ranks fifth with net direct investments amounting to $108 million in the third quarter, compared to $80 million in the second quarter, a growth rate of 35%. Jordan ($30 million against $7 million, growth rate of 328.57%), Morocco ($17 million against $14 million, a growth rate of 21.43%) and Lebanon ($4 million against $1 million, a growth rate of 300%) complete the top 8.