CAIRO - 28 November 2021: The Cabinet’s Information and Decision Support Center (IDSC) Sunday unveiled a comprehensive strategy to improve the investment climate in Egypt. A report by the IDSC said that many investment opportunities are up for grabs by foreign investors, who will also benefit from incentives offered by Egypt. The report pointed that the net value of foreign investments in Egypt made up 1.3 percent of the Gross Domestic Product in 2020-2021. Foreign direct investments (FDIs) amounted to some $5.2 billion, according to statistics of the Central Bank of Egypt (CBE). The IDSC report also touched upon positive expectations by the International Monetary Fund (IMF), which expected further improvement in terms of FDIs to be pumped into Egypt in the coming years.
