Egypt Targets $35 Billion in Foreign Direct Investment Over Next Five Years

Egypt is setting its sights on a substantial increase in foreign direct investment (FDI) as it seeks to boost its economic growth. The government has outlined a plan to attract $35 billion in FDI over the next five years, with a specific target of $12 billion for the 2023/2024 fiscal year.

Hossam Heiba, Chairman of the General Authority of Free Zones and Investment, shared these investment objectives at the Future Investment Initiative forum in Riyadh. The government aims to achieve annual increases of 15 percent to 20 percent in FDI.

Source: bnn.network