Cairo - Mubasher: The data of the Central Bank of Egypt (CBE) showed an increase in foreign direct investment (FDI) during the first half of the current fiscal year by 39% year-on-year.
Net FDI went up to $4.3 billion compared to $3.1 billion in the same period last year, the CBE said in a statement on Wednesday.
Total FDI inflow reached $7.4 billion during the six-month period that ended 31 December 2016, compared to $6.1 billion in the same period in FY15/16, with a growth of 21%.
Meanwhile, total FDI outflow reached EGP 3.1 billion in H1-16/17, compared to EGP 3 billion in the same period of the previous fiscal year.
Net investments in the oil sector amounted to $1.8 billion, compared to $126 million in the same period of the previous year.
