Bloomberg: Egypt is one of the best emerging markets in the FDI Confidence Index
Egypt came among the best emerging markets in the foreign direct investment confidence index this year, while the list included other Arab countries, namely the UAE, Saudi Arabia, Morocco and Qatar.
Shrouq
According to the American Bloomberg agency, Egypt came among the best emerging markets in the foreign direct investment confidence index this year, while the list included other Arab countries, namely the UAE, Saudi Arabia, Morocco and Qatar.
Among non-Arab countries, China ranked first with 1.90 points, followed by India with 1.74 points, then the UAE with 1.72, making it the first Arab country in terms of the best emerging markets for the year 2023.
Last week, the United Nations envoy for sustainable development, Mahmoud Mohi Eldin, said that Egypt has a very high ability to attract direct investment while taking a number of stimulating measures and "delivering them to the local community."
Economic opportunities
Mohieldin, expressed his optimism about the recent measures that have been taken since the economic conference was held in Egypt, and the revival of the Supreme Investment Council.
According to Mohieldin, restoring investor confidence "needs effort, but it is possible in light of the existence of various economic opportunities," in addition to the appropriate regional space for expansion, whether in terms of investment or export.
According to Mohi Eldin, restoring investor confidence "needs effort, but it is possible in light of the existence of various economic opportunities," in addition to the appropriate regional space for expansion, whether in terms of investment or export.
New golden licenses
The Egyptian Council of Ministers has studied the approval of 10 new golden licenses, and is also seeking to open the way for all sectors to obtain this type of license in the future in order to make it available to the largest number of projects, according to Hossam Haiba, CEO of the Egyptian Investment Authority.
According to the head of the Investment Authority, the government has already issued 17 golden licenses during the last period, and he revealed that work is currently underway to launch an electronic platform for the purpose of establishing companies.
Electronic platform
He revealed that work is currently underway to launch an electronic platform for the purpose of establishing companies.
He added, "90% of all equipment for the system has been completed, and we hope to run the trial run of the platform next July, and launch it in the last quarter of this year."
In 7 March 2023, The Information and Decision Support Center at the Council of Ministers published a new infographic that monitors Agility's view of the Egyptian market as one of the top 50 global emerging markets.Egypt ranked 21st globally out of 50 emerging economies, with a score of 5.06.
