(MENAFN- Qatar News Agency) Saudi investments totaling $62.2 million (SR233.25 million), were the second largest among the investors from the Arab world in Egypt during the fourth quarter of 2012-2013 financial year, local media said quoting a report released by Egypt's central bank.
The UAE investments topped the list of Arab investors in Egypt during Q4 at $226.7 million compared to $69.3 million in Q3, or an increase of 227 percent, the report said, according to Arab News newspaper
Saudi investments were in the second place after those from the UAE during Q4 at $62.2 million, followed by Bahrainis $41.9 million and Kuwaitis $13.7 million
The foreign direct investments (FDIs) in Egypt rose by 51.5 percent to $553.9 million during Q4 to a total of $1.62 billion compared to $1.07 billion in Q3, the report said
The rate of capital outflows narrowly increased during Q4 to $1.10 billion compared to $1.08 billion in Q3
Meanwhile, capital inflows totaled $2.73 billion in Q4 compared to $2.15 billion, the report said.
Legal Disclaimer:
MENAFN provides the information “as is” without warranty of any kind. We do not accept any responsibility or liability for the accuracy, content, images, videos, licenses, completeness, legality, or reliability of the information contained in this article. If you have any complaints or copyright issues related to this article, kindly contact the provider above.