The International Trade Council commends Egypt's remarkable progress in attracting foreign direct investment (FDI) in 2022. The United Nations Conference on Trade and Development (UNCTAD) recently reported that Egypt received a total of $11.4 billion in FDI, marking the highest inflow since 2017.
In line with its commitment to fostering an environment conducive to international investment, Egypt's efforts have yielded promising results. The country's dedication to enhancing its investment climate, addressing currency challenges, and stimulating domestic economic growth has contributed to this notable achievement.
The report also highlighted that Egypt's total FDI outflows for the same year amounted to $342 million, reflecting a decrease of $25 million compared to 2021.
The recognition garnered by Egypt is further affirmed by a report released by US global management consulting firm Kearney. The report positioned Egypt at the 14th position among the world's most attractive and trusted emerging markets for foreign investment.
The International Trade Council applauds Egypt's unwavering commitment to bolstering its investment landscape and contributing to global economic development.