Recent data from the Central Agency for Public Mobilization and Statistics (CAPMAS) has revealed a significant surge in investments from G20 countries in Egypt.
The investments for the fiscal year 2021/2022 reached approximately $24 billion, marking an impressive increase from the previous year’s figure of $21.2 billion. This denotes a growth of $2.8 billion or 13.3%.
Leading G20 Investors in Egypt
Saudi Arabia leads the pack, securing the top spot among G20 countries with the highest investments in Egypt during the fiscal year 2021/2022. The Kingdom’s investments amounted to about $8.5 billion.
The United States closely followed with around $7 billion, making it the second-largest investor. The United Kingdom claimed the third spot with investments of about $6.6 billion.
Other significant contributors included:
• China: $369.4 million
• Germany: $331.6 million
• France: $315.6 million
• India: $266.1 million
• South Africa: $220.3 million
• Italy: $104.8 million
• South Korea: $53.1 million
Egypt’s Growing Trade with G20
In addition to the influx of investments, Egyptian exports to G20 countries have also witnessed substantial growth. In 2022, exports reached a staggering $25.6 billion, compared to $21.1 billion in 2021 – an increase of $4.5 billion or 21.1%. On the flip side, imports from the G20 nations amounted to $62.5 billion in 2022, up from $58.9 billion in 2021. This represents a rise of $3.6 billion or 6.1%.
The G20, or Group of Twenty, consists of 19 individual countries plus the European Union. The member nations collaborate on global economic policies and aim to strengthen international financial architecture.
The surge in investments from these influential countries underscores Egypt’s growing stature as an attractive investment destination and its strategic role in global trade.
