CAIRO – 26 March 201: Egypt’s total public and private investments raised to EGP 721.1 billion ($41.7 billion) during the financial year 2017/2018 from 514.3 billion pounds during the financial year 2016/2017, according to the Cabinet’s media centre on Monday, March 25.
The center published an infographic on its Facebook page, pointing to an increase in a foreign direct investment inflows to Egypt by 84.7 percent to hit $7.72 billion during the financial year 2017/2018 against $4.18 billion during the financial year 2013/2014.
Around 19,836 firms established in the financial year 2017/18, compared with 15,200 ones in the financial year 2016/2017, the centre added.
Moreover, the center showed that five investment areas have been up and running in Giza and Sharqia governorates, with total investments worth 11 billion pounds.
These investment zones house 259 projects employing 59,000 workers, it said.
Around 12 new investment areas are being built in the governorates of Cairo, Qalyubia, Sharqia, Alexandria, Faiyum, Giza, Dakahlia, and Damietta, the centre said.
These new areas were built to house projects in the fields of logistics, nanotechnology, biotechnology, and small and medium-sized enterprises, with total investments to the tune estimated at 78 billion pounds.