‘Non-petroleum FDI up 81.3 pct’

The Cabinet Information and Decision Support Centre (IDSC) said the net foreign direct investments in non-petroleum sectors in fiscal year (FY) 2021-2022 rose 81.3 per cent to $11.6 billion.
This came in infographics issued by the centre on foreign direct investment (FDI) in Egypt.
The centre said investment in new companies or increasing capital reached $3.4 billion, representing 29 per cent of net investment.
Companies and assets sold for $2.3 billion to non-residents in FY 2021-2022 accounted for one-fifth of investment.
Non-residents bought real estate for $970 million in the same year, accounting for 9 per cent of investment.