Arab Today, arab today pace of exiting foreign investments slows 12 in q1 of 2015 in egypt
Last Updated : GMT 12:40:34
Arab Today, arab today
Arab Today, arab today

Pace of exiting foreign investments slows 12% in Q1 of 2015 in Egypt

Arab Today, arab today

Arab Today, arab today Pace of exiting foreign investments slows 12% in Q1 of 2015 in Egypt

Central Bank of Egypt
Cairo - MENA

The pace of foreign investments exiting the Egyptian market has slowed down by 12% during the first quarter of 2015 to hit $1.53 billion against $1.74 billion in the same period of last year, the Central Bank of Egypt said.

In a monthly report, the CBE said the size of incoming foreign investments in the described period registered a high record of 207%, reaching $2.94 billion, against the previous quarter and 190% versus the first quarter of 2014.

The report attributed the growth to the rise in UK and Arab investments, especially the UAE.

European Union investments in Egypt recorded $2.03 billion in the three-month period against $1.6 billion in the parallel period of 2014, it said.

UK investments were the largest ($1.68 billion), followed by Germany ($59.7 million, a margin rise than last year by $3.5 million).

French, Italian, Dutch and Belgian investments were relatively lower than the first quarter of 2014, it added.

The report noted that investments from the US declined to $508 million against $536.6 million last year.

Arab investments, meanwhile, jumped from $386.6 million in the first quarter of 2014 to $1.34 billion in 2015 thanks to UAE investments, which hiked from $148.3 million in the described period of 2014 to $843.5 million in 2015.

In the reported period, Kuwaiti investments rose to $50.1 million against $21.1 last year, while Qatar’s from $23.5 million to $35.4 million.

Saudi investments reported a record growth from $124 million to $351.1 million in the same period.

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Arab Today, arab today pace of exiting foreign investments slows 12 in q1 of 2015 in egypt Arab Today, arab today pace of exiting foreign investments slows 12 in q1 of 2015 in egypt

 



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