Cairo - Mubasher: The data of the Central Bank of Egypt (CBE) showed an increase in foreign direct investments (FDI) inflows to Egypt by 12.1% year-on-year during the nine-month period between July 2016 and March 2017.
Total FDI inflows registered around $10.8 billion by the end of March compared to nearly $9.6 billion for the same period last year.
Foreign direct investments grew by 38.7% year-on-year, during the first half of fiscal year 2016-2017.
Egypt aims at attracting foreign investments worth $10 billion in order to achieve a growth rate of 5% this year, to be increased to between 7% and 8% in the next three years
