KSA ranks 1st among top 10 G20 states investing in Egypt
The Kingdom of Saudi Arabia ranked first on the list of the top 10 G20 countries investing in Egypt during the fiscal year 2021/2022, with the value of its investments amounting to about $8.5 billion.
Data from the Central Agency for Public Mobilization and Statistics (CAPMAS) showed that the United States of America came in second place with about $7 billion, followed by the United Kingdom with about $6.6 billion, then China with $369.4 million, then Germany with $331.6 million, then France with $315.6 million, then India with $266.1. $1 million, then South Africa $220.3 million, then Italy $104.8 million, and finally South Korea $53.1 million.
In total, the total value of the investments of the G20 countries in Egypt during the fiscal year 2021/2022 amounted to about 24 billion dollars, while it was about 21.2 billion dollars during the fiscal year 2020/2021, an increase of 2.8 billion dollars, with an increase rate of 13.3%.
CAPMAS's data showed that the value of Egyptian exports to the G20 countries increased to record $25.6 billion during the year 2022, compared to $21.1 billion during the year 2021, an increase of $4.5 billion, with an increase of 21.1%, and the value of Egyptian imports from the G20 countries reached $62.5 billion during the year. In 2022, compared to $58.9 billion during 2021, an increase of $3.6 billion, an increase of 6.1%.