World Economy

Egypt FDI Rises

Egypt FDI RisesEgypt FDI Rises

Foreign direct investment in Egypt rose by 12% in the first nine months of the 2016-17 fiscal year to $6.6 billion compared to $5.9 billion in the same period a year earlier, the investment ministry said on Saturday, al- Ahram reported. Egypt’s fiscal year starts on July 1 and ends in June 30. The $6.6 billion figure covers the months from July 2016 to March 2017, an Investment Ministry statement showed. On June 1 President Abdel Fattah El Sisi signed the investment bill into law following months of deliberation, with implementation scheduled for the end of August.


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