Egypt was the top destination for FDI in the Arab world during the past 5 years, getting $124.5 billion worth of project commitments between January 2015 and December 2019, the Arab Investment and Export Credit Guarantee Corporation (Dhaman) said in a new report
The Kuwait-based agency said that the country accounted for 35.2 percent of the $340 bn invested in the region throughout the period. In total, 476 new projects, or 10.9 percent of total foreign projects in the Arab world, were launched in Egypt during those five years.
Egypt, the UAE, and Saudi Arabia captured 65.4 percent of total FDI inflows into the region in 1Q2020 with investments of $11.2 bn.
However, FDI inflows during the quarter fell 27.2 percent y-o-y in value terms and 30 percent by the number of new projects, according to Dhaman. J
Japan, the US, France, Philippines, Belgium, Saudi, Germany, Bahrain, China, and India were the top 10 countries committing FDI to the Arab region.
