Morocco is the seventh Arab country that invests the most in Egypt – Hoy 24

The Central Bank of Egypt announced that Arab countries are at the top of the most invested countries in Egypt, with net direct investments amounting to 6,350 million dollars during the June/March period of fiscal year 2021/2022, compared to 2,327 million in the same period of the previous year, with a growth rate of 172.88%, placing Morocco in seventh place.

The bank specified in the monthly statistical bulletin that quarterly net foreign direct investment amounted to 3,510 million dollars during the third quarter, compared to 1,910 million dollars in the second quarter, with a growth rate of 83.8 percent.

The UAE ranked first among the countries with the highest investment in Egypt, with a net investment of $2.67 billion in the third quarter of fiscal year 2021/2022, compared to $1.47 billion during the second quarter, with a growth rate of 81 .63%.

Kuwait ranked second with net investments of $168 million during the third quarter, compared to $155 million in the second quarter, with a growth rate of 8.39%.

Qatar ranked third with around $140 million of net direct investment during the third quarter of fiscal year 2021/2022, compared to $109 million in the second quarter, with a growth rate of 28.44%.

In fourth place, Bahrain came in with net direct investment of $121 million in the third quarter, up from $55 billion in the second quarter, a growth rate of 120%.

Saudi Arabia ranked fifth after recording net direct investment of $108 million during the third quarter, up from $80 million in the second quarter, with a growth rate of 35%.

In sixth place, Jordan came in with net direct investments of $30 million during the third quarter of fiscal year 2021/2022, compared to $7 million in the second quarter, with a growth rate of 328.57%.

While Morocco ranked seventh with a net direct investment of 17 million dollars during the third quarter, compared to 14 million in the second quarter, with a growth rate of 21.43%, while Lebanon ranked eighth after record a net direct investment of 4 million during the third quarter of fiscal year 2021/2022. , compared to $1 million during the second quarter, a growth rate of 300%.