Cairo – Mubasher: Egypt topped the Arab region in terms of foreign direct investments (FDI) with $13.7 billion in 2019, according to a recent by the Arab Investment and Export Credit Guarantee Corporation (Dhaman).
This figure represents 23% of total FDI inflows to Arab countries last year and a 7% increase from 2018, the report showed.
The most populous Arab nation also came in the first position in terms of the average value per project, recording $98 million, and also posted the highest average number of jobs created per project at 180 jobs.
The UAE registered the highest number of projects with 445 projects in 2019, followed by Egypt and Saudi Arabia with 140 and 134, respectively.
The UAE, Egypt, and Saudi Arabia were the sole countries attracting real estate investments, led by Egypt with $7.1 billion, followed by the UAE and Saudi Arabia with $1.3 billion and $0.6 billion, respectively.