Egypt posts 25% drop in FDI

February 2, 2014 12:31 am

Egypt’s central bank has said the country’s net Foreign Direct Investment (FDI) dropped 25% in the first quarter of the fiscal year 2013/14, compared with the fourth quarter of the previous fiscal year, Ahram has reported. The quarter, which ended in September 2013, saw a net FDI of $1.2bn, comprised of some $2.3bn in inflows and $1.1bn in outflows. The US, EU and Arab countries were among the main sources of FDI, with investments worth $562m, $1.4bn and $189.5m, respectively, the data showed.