Arab countries’ investments in the Egyptian market increased to $2.670 billion at the end of the first quarter of 2022/2023, compared to $1.499 billion at the end of the fourth quarter of 2021/2022.
A report issued by the Central Bank of Egypt (CBE) revealed that Saudi Arabia topped the investments of Arab countries with investments of $1.301 billion at the end of the first quarter of the current fiscal year, compared to $134.3 million during the comparative period.
The investments of the United Arab Emirates recorded about $837.6 million at the end of the first quarter, compared to $777.6 million at the end of the last quarter of 2021/2022.
The investments of Kuwait amounted to about $152.2 million, compared to $233.3 million, while the investments of Qatar amounted to $135 million, compared to $146.2 million.
Source: Egypt Today Magazine