Egypt ranks 9th globally among top FDI recipient countries in 2024
The announcement was made at the World Investment Report launch event, which was held by the United Nations Conference on Trade and Development (UNCTAD).
This came during a press conference held at the General Authority for Investment and Free Zones (GAF) by Minister of Planning, Economic Development, and International Cooperation Rania Al-Mashat and Minister of Investment and External Trade Hassan ElKhatib.
The UNCTAD report attributed the FDI jump largely to the Ras El-Hekma development project and several major deals the state inked in 2024.
Egypt ranked ninth after the United States (first), Singapore, Hong Kong, China, Luxembourg, Canada, Brazil, and Australia.
The report highlighted key global trends in foreign direct investment in 2024 and Egypt’s position among the most attractive countries for investment, given the economic reforms implemented by the Egyptian government.
It also pointed to a 75 percent increase in FDI flows to Africa, rising from $55 billion in 2023 to $97 billion in 2024.