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FINANCIAL NEWS
Egypt’s foreign direct investment hits USD5.7b in 2014/15
03 Jul 2015
(MENAFN) Egypt’s foreign direct investments (FDI) reachedUSD5.7 billion in the first nine months of fiscal 2014/2015, marking a significant 84 percent increase when compared to the same period last year, Reuters reported.
The figures are issued by the Finance Ministry, which added that tourism revenues also marked another significant increase, by 62 percent in comparison with the previous year.
The Ministry added that USD5.5 billion earnings from tourism were recorded in March, compared with USD3.4 billion logged in the same month a year ago.
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