$8 billion foreign investment in Egypt during 2022

Foreign direct investment is one of the topics of concern to many governments during this period because it has a direct impact on the country's economy.

Dr. Faraj Abdullah, an economist, said that foreign direct investment is what all governments look at because there is no cost, and its impact appears on the overall indicators of the economy since the first day of its entry into the country.

Direct investment

He added that the world, in the current situation, deals with direct investment by stimulating frameworks that can respond, attract the largest possible amount of investment, and in the event of rising global inflation, the real value of returns on direct investment in countries that have been hit by inflation will decrease.

And he continued: «Also, companies are being transferred to countries that are more suitable and have a kind of stability, through part of the investments, and branches of international companies are being opened, so the United States was motivating a large part of international companies to enter the American market, as well as emerging countries are working to attract As much as possible to attract investment».

$8 billion foreign investment

He explained that Egypt took a big step by forming the Supreme Council for Investment, which aims to unify the legal frameworks for dealing with investment, so that it reduces any conflicts with the parties that the investor deals with, and reduces the periods of licenses and granting lands and facilities.

He added that the efforts made by the state in the recent period to establish infrastructure and provide diverse and renewable energy greatly enhanced Egypt's access to $8 billion in foreign investments during the last fiscal year, indicating that this figure could reach $15 billion next year.