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EU states top investor in Egypt in Q 2 of 2017-2018 FY

The European Union states ranked as number 1 investor in Egypt in the second quarter of the 2017-2018 fiscal year.

European Union state investments in Egypt posted $ 1.96 billion, according to the monthly report by the Central Bank of Egypt.

The report said the UK investments in Egypt stood at $1.06 billion, followed by Belgian investments at $ 521.6 million and French investments at $ 105 million.

Luxembourg investments in Egypt were estimated at $ 58 million, Italian investments at $ 47.1 million and German investments at $ 30.8 million.

Dutch investments in Egypt recorded $ 24.8 million, Spanish investments at $ 11.2 million and the Irish at $ 4.5 million, the report said.

Arab countries investments in Egypt totaled around $ 722.3 million in the second quarter of 2017-2018 FY 

The UAE investments alone stood at $ 521 million, Saudi investments at $ 87.1 million, Kuwaiti at $ 21 million and Bahraini at $ 12.6 million, the report said.

The US investments in Egypt stood at $ 585.3 million in the second quarter of 2017-2018 FY, the report said.

Chinese investments in Egypt recorded about $ 44.2 million, Swiss at $ 35.7 million, Japanese at $ 14 million and Norway at $ 2.2 million.   

 

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