European Union’s investments in Egypt rose by $730 million in the third quarter of the financial year 2015-2016 to stand at $2.302 billion, a central bank report showed on Sunday.
During the second quarter, EU investments recorded $1.572 billion.
U.K. investments in Egypt grew by $985 million to reach $1.979 billion in the third quarter, compared to $994 million in the second quarter, the report added.
French investments fell to $45.4 million from $103.1 million.
Egypt’s net foreign direct investments (FDI) surged by $1.054 billion in the third quarter of the year to stand at $2.772 billion, from $1.718 billion in the second quarter.
Foreign direct investments are one of Egypt’s primary sources of foreign currency, along with Suez Canal revenues and the tourism industry.
