Egypt's foreign direct investment to surpass $40B by 2024

Egypt's foreign direct investment to surpass $40B by 2024

In an interview with Al Arabiya CEO of the General Authority for Investment and Free Zones (GAFI), Hossam Heiba said Egypt's foreign direct investment is projected to surpass $40 billion by the end of 2024. This is up from the initial estimate of $12 billion. The signing of the Ras El Hekma deal with the Emirati Holding Company (ADQ) in February, amounting to $35 billion, has played a major role in surpassing original expectations.

Great! You’ve successfully signed up.

Welcome back! You've successfully signed in.

You've successfully subscribed to MAGHREB INSIDER.

Success! Check your email for magic link to sign-in.

Success! Your billing info has been updated.

Your billing was not updated.