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| Minister of Investment, Dalia Khurshid |
Egyptian Ministry of Investment announced that net FDI inflows in the country rose by 7.2% during the fiscal year ended in June.
The ministry said that net foreign direct investment inflows in 2015-2016 amounted to about 6.84 billion dollars, up from 6.38 billion dollars in the previous year, recording an increase exceeded the rate of about 7.2%.
She explained Minister of Investment, Dalia Khurshid, in a statement issued by the ministry on Thursday, "Net" received a copy of it, that the increase mainly was due to higher net inflows for the establishment of companies and increase their capital during this fiscal year, reaching about $ 4.5 billion, compared to with $ 3.8 billion during the previous fiscal year with a rise of 18%.
A report issued by the Central Bank of Egypt that the net inflows in the petroleum sector amounted to about $ 1.6 billion in fiscal year 2015-2016.
The Egyptian government announced at the beginning of this year, it is aimed at attracting foreign investments worth $ 60 billion over the next four years, and to achieve real growth GDP rate of 7% on average.
But the Egyptian prime minister, Ismail Sharif, confirmed earlier that his country aimed at achieving 5.2% growth rate in the fiscal year 2016/2017 compared to expected growth rate of 4.6% during the fiscal year 2015 / 2016. The
Egyptian Ministry of Investment announced that its net FDI inflows in thecountry rose by 7.2% during the fiscal year ended in June.
Egyptian Ministry of Investment announced that its net FDI inflows in thecountry rose by 7.2% during the fiscal year ended in June.
The ministry said that net foreign direct investment inflows in 2015-2016 amounted to about 6.84 billion dollars, up from 6.38 billion dollars in the previous year, recording an increase exceeded the rate of about 7.2%.
She explained Minister of Investment, Dalia Khurshid, in a statement issued by the ministry on Thursday, "Net" received a copy of it, that the increase mainly was due to higher net inflows for the establishment of companies and increase their capital during this fiscal year, reaching about $ 4.5 billion, compared to with $ 3.8 billion during the previous fiscal year with a rise of 18%.
A report issued by the Central Bank of Egypt that the net inflows in the petroleum sector amounted to about $ 1.6 billion in fiscal year 2015-2016.
The Egyptian government announced at the beginning of this year, it is aimed at attracting foreign investments worth $ 60 billion over the next four years, and to achieve real growth GDP rate of 7% on average.
But the Egyptian prime minister, Ismail Sharif, confirmed earlier that his country aimed at achieving 5.2% growth rate in the fiscal year 2016/2017 compared to expected growth rate of 4.6% during the fiscal year 2015/2016.
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