Egypt FDI stages recovery in first half of 2012

Foreign direct investment in Egypt has made a partial recovery following last year’s uprising, with inflows hitting $2.5 billion in the first half of 2012, according to United Nations report. The return of relative political stability and a series of high-profile acquisitions by mainly Arab investors helped Egypt bounce back from the $100 million net outflow it recorded in the first six months of 2011.

FDI, however, remains far below the $4.1 billion seen in the opening half of 2010. The year-on-year climb for the Arab world’s largest nation came amid an 8 per cent drop in global FDI inflows due to heightened global economic uncertainty. FDI to the African continent as a whole rose by 5 per cent.