Egypt Tops Arab Nations in Foreign Investment Growth in Q1 2023

In an emphatic validation of its robust economic reforms, Egypt notably secured its position as a leader in the Arab world concerning the surge in foreign investments during the first quarter of 2023. Such a fiscal blossoming emanates notably from a decade of bold economic restructuring, particularly the monetary policy reform that witnessed the liberation of exchange rates, thereby magnetizing foreign portfolio investments exceeding $30 billion since its implementation.

Underscoring the allure of Egypt’s financial investments to global stakeholders, foreign portfolio investment flows manifested a varied trajectory over the years, culminating in a staggering 72% spike in 2023. This was bolstered by the facilitative measures extended by the nation, consequent to 22 decisions from the Supreme Investment Council, aligning with the global investment milieu, shaping a new dawn in Egypt’s economic landscape.

The augmentation in investment flows was substantiated by an increase in the volume of Foreign Direct Investment (FDI) in Egypt during 2022, scaling to $8.9 billion compared to $5.2 billion in 2021. In the first quarter of 2023 alone, the net FDI inflows into Egypt ascended to approximately $3.3 billion, positioning Egypt atop North African nations in the FDI inflow index and first amongst Arab countries in terms of foreign investment growth.