Egypt ranked first in North Africa and second in Africa in securing foreign direct investment.
Egypt ranked first in North Africa and second in Africa in securing foreign direct investment.
- Foreign direct investment (FDI) saw a 26-fold increase from $500 million in 2000/01 to $13.2 billion in 2007/08.
- As a percent of GDP, net FDI increased less than 1 percent in fiscal year 2000/01 to more than 8 percent in fiscal year 2007/08.
- In its bid to attract more FDI, Egypt became the first Arab country to sign the Organisation for Economic Co-operation and Development Declaration on International Investment and Multinational Enterprises in 2007.
Source: AMCHAM Egypt; Ministry of Investment FY 2007/2008 Performance Report, Ministry of Investment, Egypt Investment Portal, OECD; UNCTAD World Investment Report 2008; Government Performance Report 2004-2009, IDSC