26% of FDI for Arab world goes to Egypt
Egypt received 26% of the foreign direct investment (FDI) inflows to Arab countries in 2016,worth $8.1bn, compared to $6.9bn in 2015, according to the Arab Investment and Export Credit Guarantee Corporation report 2017.
The report said that the total FDI inflows to the Arab world amounted to $30.8bn in 2016, compared to $24.6bn in 2015.
The corporation added that the existing FDIs in Egypt in 2016 represent 12.3% of the FDIs existing in the Arab world, amounting to $102.3bn compared $94.3bn in 2015.
Meanwhile, Egypt’s FDIs existing in other countries are 2% of the current Arab FDIs abroad. Egypt’s existing FDIs to the world amounted to $7.2bn in 2016, compared to $7bn in 2015.
Saudi Arabia came in first place in existing FDIs in 2016 by 27.8%, followed by the UAE with 14%.
Egypt came in third place after the United Arab Emirates (UAE), as the latter received about 29% of FDIs to the Arab world.
The amount of FDIs in the UAE in 2016 amounted to $8.9bn, compared to $8.7bn in 2015.
Meanwhile, Egypt’s FDIs to the world represents 0.7% of the FDIs from the Arab world, which amounted to $207m in 2016, compared to $182m in 2015.
The UAE came in first place in pumping FDIs to the world by 53.7%, estimated at $15.7bn in 2016, compared to $16.7bn in 2015.
Saudi Arabia came in second place in pumping FDIs to the world by 28.6%, registering $8.3bn in 2016, compared to $5.4bn in 2015.
Arab FDIs to the world amounted to $29.3bn in 2016, while it recorded $34.5bn in 2015, according to the corporation.