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Elham AbolFateh

Business

Net volume of foreign investment in Egypt grew to $ 2.9 billion

Thursday 10/January/2019 - 09:02 PM
Sada El Balad
Ahmed Moamar
Central Bank of Egypt (CBE) has released a statement says that the net volume of the foreign investment in Egypt had grown to 2.9 billion within the first quarter of the current fiscal year.
This sum is compared to $ 1.8 billion in the same period of the previous fiscal year.
This means that the foreign investment increased by $ 1.1 billion.
The statement added that the increase in foreign investment is linked to additional investment in petroleum sector.
On the other hand، investment in real estate grew by $ 237.4 million.
However، foreign investors retract off
Investing in either security or treasury bonds.

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