Egypt’s FDI grows by 12% to $6.6 bln in 9 months of FY2016/17

Foreign direct investment in Egypt grew by 12 percent in the first nine months of the 2016-17 financial year to $6.6 billion compared to $5.9 billion in the same period a year earlier, the Ministry of Investment stated Saturday.

Egypt’s financial year starts on July 1 and ends in June 30. The $6.6 billion figure covers the months from July 2016 to March 2017, the ministerial statement showed.

Source: Reuters