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$5.9 Bn UAE Investments In Egypt Over Four Years

Umer Jamshaid Published January 23, 2019 | 09:30 PM

$5.9 bn UAE investments in Egypt over four years

The UAE is the second largest Arab investor in Egypt with $5.9 billion in investments over the past four years until the end of 2018, according to a top Egyptian official

ABU DHABI, (UrduPoint / Pakistan Point News / WAM - 23rd Jan, 2019) The UAE is the second largest Arab investor in Egypt with $5.9 billion in investments over the past four years until the end of 2018, according to a top Egyptian official.

Speaking to reporters on the sidelines of the First Arab Corporate Citizenship Forum held today in Abu Dhabi, Chief Executive of the Egyptian General Authority for Investment and Free Zones, Mohsen Adel, said a total of 114 new Emirati companies have been operating in Egypt since 2018 across multiple investment sectors, primarily, Oil & Gas, finance, CIT, construction, real estate, services, manufacture, tourism and agriculture.

He added that total UAE investment inflows to Egypt last year hit $1.75 bn, a growth of 25 percent over 2017.

Related Topics

Egypt Agriculture UAE Abu Dhabi Oil Citizenship Gas 2017 2018 Top Billion Arab

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