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Egypt tops in mega projects FDI

Egypt ranked as the world’s top destination for foreign direct investment (FDI) in mega projects in 2022 even as international investors announced more than 16,000 FDI projects globally in 2022, according to fDi Markets, the greenfield investment monitor of the Financial Times.

The global FDI projects represent an estimated value of $1.155 trillion, with more than 2.2 million jobs being created. The pace of FDI in 2022 shows signs of ongoing recovery following the shock effect of the Covid-19 pandemic, with the number of projects increasing 16% and the pledged capital investment rising by 64% from 2021, the report said.

Last year was one characterised by FDI mega projects, with a record number of projects worth at least $1 billion of capital investments.

Link: https://www.zawya.com/en/economy/global/968bln-egypt-tops-in-mega-projects-fdi-q4500q00

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