Foreign Investment in Egypt: Reality and Challenges

Source: Egyptian Institute for Studies

Author(s): Ahmed Zikrallah

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Foreign Investment in Egypt: Reality and Challenges

Despite the economic measures taken by the Egyptian government to support the domestic and foreign investment climate – most notably the issuance of new laws to regulate investment, companies, capital market, and bankruptcy; as well as the adoption of monetary policies, such as floating the Egyptian pound, to guarantee the availability of foreign currency – yet figures of foreign investment have not yet reflected such reform measures.

Egypt attracted foreign direct investment of $ 3.8 billion during the first half of the current fiscal year (July-December), compared to $ 4.3 billion in the same period last year, a decline of 11.6 percent.

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