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Egypt’s share of global FDI increases compared to 2017: GAFI

 
 

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Egypt Today, 25 October 2018

Egypt’s share of global foreign direct investment rose 0.002 percent, compared to 2017, despite the decline on the international level, the General Authority for Investment and Free Zones (GAFI) reviewed during its meeting.

GAFI added that private investments hiked 47 percent, to reach LE 316 billion, compared to LE 213 billion during 2017.

The Board of Directors of the General Authority for Investment and Free Zones (GAFI) held its first meeting under the chairmanship of Minister of Investment and International Cooperation Sahar Nasr, in the presence of Chief Executive Officer of GAFI Mohsen Adel, Executive Vice President of GAFI Ola al-Kobrosi, and members of GAFI Mohamed Aref, Mohamed el-Atraby, Tarek Tawfik and Tarek Shokry.

The minister stressed that Egypt's share of foreign direct investment has increased at the global level despite its decline globally, and came as the first investment destination in Africa, according to international reports, including the report of the United Nations Conference on Trade and Development "UNCTAD".

Egypt Today
25/10/2018

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