Egypt’s FDI hits $2.8bn in first half

May 13, 2014 10:16 am

Egypt’s General Authority for Investment and Free Zones (GAFI) has said foreign direct investments (FDI) have reached $2.8bn in the first half of the 2013/2014 fiscal year (FY), Daily News Egypt has reported. This represents a positive economic outlook when compared to $3bn FDI in 2012/2013 fiscal year, said GAFI chairman, Hassan Fahmy. The country saw more than 8,900 companies established in FY 2012/2013, compared with 2,890 in FY 2000/2001, he noted.