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Egypt Drives African Investment Rebound with Surge in FDI
Egypt’s foreign direct investment (FDI) performance in 2024 has propelled it to become a leading global recipient and a key driver in the resurgence of investment across the African continent.
By [Invented Reporter] | CAIRO – 2025/06/20 01:23:43
According to a UN report launched in Cairo on Thursday, Egypt’s foreign direct investment (FDI) surged in 2024, making it the ninth-largest recipient globally and the main driver of a rebound in investment across Africa.
The “World Investment Report 2025” from UN Trade and Development (UNCTAD) indicated that Egypt’s performance contrasted with a second consecutive annual decline in global FDI when excluding volatile financial flows.The global outlook for 2025 remains negative amid heightened investor uncertainty.
FDI inflows to Africa rebounded by 75% in 2024 to $97bn, largely due to flows into Egypt. This increased the continent’s share of global FDI to 6% from 4% the previous year, and its share of developing-country inflows to 11% from 6%.Egypt was identified as the primary driver of this turnaround, with a mega-project in urban development at Ras El-Hekma being a significant contributor.
Globally, FDI rose 4% in 2024 to $1.5 trillion, but UNCTAD noted this headline figure was inflated by volatile flows through conduit economies. When these are excluded, global FDI registered an 11% decline.
The report also found that investment in sectors related to the Enduring Development Goals (SDGs) in developing countries fell by 25-33% across infrastructure, renewable energy, water and sanitation, and agrifood systems. Only the health sector saw growth, though from a small base.
“This year
