Egypt 2nd Arab country in FDI flows

Egypt is the second Arab country in terms of foreign direct investment (FDI) flows, with a rate of 27%, according to a report by the Kuwait-based Arab Investment and Export Credit Guarantee Corporation.
Egypt is only second to the United Arab Emirates, ahead of Saudi Arabia, which ranked third, Lebanon fourth, Morocco fifth, Algeria sixth, Jordan seventh, Sudan eighth, Tunisia ninth and Qatar 10th, according to the report.
The corporation said that it followed the development of investment climate in 109 countries, including 16 Arab countries through attractive investment guarantee index, which accounted for about 95% of the total foreign direct investment credit in all countries of the world and 96% in the Arab region.
The report showed that the most important investors in Egypt over the past five years include China with 20 projects worth $22.6 billion, the UAE with 55 projects worth $17.3 billion, Greece with $10 billion, Italy with $8.5 billion and Saudi Arabia with 29 projects worth $5.2 billion. 
The most important sectors attracting investments in Egypt include food, coal, petroleum, natural gas, chemicals and real estate sectors, as well as communications, cars, textiles and industrial services, according to the report.
The report was based on the latest data published by the United Nations Conference on Trade and Development (UNCTAD), the database of direct foreign investment projects in the world and other sources.

Source: Mena