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Egypt was the largest Arab recipient of foreign investment in 2022, the Arab Investment Guarantee and Export Credit Corporation (DHAMAN) announced on Wednesday.
DHAMAN said that Egypt received a total of $107 billion in foreign investment in 2022. Also according to the corporation’s report, Egypt is the third largest Arab recipient of projects with a total number of 148 projects.
Last year, the North African country was the second largest recipient of foreign investment with a total of $11.4 billion.
Egypt also offered around 61,000 job opportunity through those investments and projects. It was also the largest recipient of Arab investment with a value of $34 billion.
