Fiscal year 2021/22: a 71% increase in net FDI inflows recorded in Egypt : Orishas-finance

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Fiscal year 2021/22: a 71% increase in net FDI inflows recorded in Egypt

27/07/2023

Source : ORISHAS FINANCE

Categories: Economy/Forex

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Fiscal year 2021/22: a 71% increase in net FDI inflows recorded in Egypt

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Le Président directeur général de l' Autorité générale pour l' investissement et les zones franches (FATF

), Hossam Heiba reported that Egypt saw a 71% increase in net FDI inflows to $9 billion in fiscal year 2021/22.

Egypt has become a global home appliance manufacturing center, and in some enterprises, local production has reached 70% of total appliance components. According to the CEO of the General Authority for Investment and Free Zones style="font-family: "Bookman Old Style”, "serif"">, Egypt remained an attractive market, despite all the global changes and challenges. According to him, a study is currently underway to classify companies, so that a gold license is granted to a certain category of companies, another silver license with another standard and a platinum license with other standards.

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