Recent official data revealed the development of the volume of foreign investments in Egypt in the past 10 years, as the value of net foreign direct investments amounted to about $63 billion during the period from 2013 to the current year.
According to data issued by the Central Agency for Public Mobilization and Statistics in Egypt, the proceeds of foreign direct investment in Egypt during the fiscal year 2013/2014 amounted to about 4.2 billion dollars, then it jumped by 52.7% to about 6.4 billion dollars during the fiscal year 2014/2015.
During the fiscal year 2015/2016, the proceeds of foreign direct investment flows to Egypt grew by 8.7% to reach $6.9 billion, and continued to increase by 14.4% to reach about $7.9 billion during the fiscal year 2016/2017.
While the fiscal year 2017/2018 witnessed a decline of 2.7%, to record about $7.7 billion, but it rose again during the fiscal year 2018/2019, recording a growth of 6.7% to reach $8.2 billion.
However, it decreased again by 9.5% during the fiscal year 2019/2020, after foreign direct investment flows to Egypt decreased, to about $7.5 billion. Then it continued to decline to about $5.2 billion during the fiscal year 2020/2021, with a decline of about 30%.
While the fiscal year 2021/2022 witnessed the largest increase in foreign direct investment flows to Egypt, after it increased by 71.4%, to record about $8.9 billion.
This comes at a time when the Egyptian government is seeking to attract foreign direct investment by setting more attractive incentives in various economic sectors, which helped raise the volume of foreign direct investment in the recent period. While the Egyptian government relies on the proposals program that was announced at the beginning of this year, to make a major shift in the file of attracting foreign investments to the Egyptian market.
The statistics of the Statistics Authority had indicated that the proceeds of Egypt’s revenues from the tourism sector, and the revenues of the Suez Canal, amounted to about $114.3 billion during the last ten years.
Data from the Central Agency for Public Mobilization and Statistics in Egypt indicated that Egypt achieved revenues from tourism worth $63.4 billion during the past ten years, and that the number of tourists coming to Egypt during those years amounted to 90.1 million.
With regard to the Suez Canal, the data indicated that its revenues amounted to about $50.9 billion during the past 10 years, and that the number of ships transiting the canal amounted to 186.9 thousand ships during those years.