-
JLCC
- July 6, 2025
2024 witnessed shifts in global investment patterns, while Egypt’s presence was strong in attracting foreign direct investment (FDI), according to a report by the United Nations Conference on Trade and Development (UNCTAD).
A report by the Ministry of Planning, Economic Development, and International Cooperation highlighted the efforts undertaken by the Egyptian government to implement an ambitious reform agenda that prioritizes industry, exports, and direct investment to achieve economic development. It explained that these efforts primarily focus on empowering the private sector through structural reforms that promote sustainable growth and resilience to change, stimulate job creation, enhance productivity, and increase value added.
The report indicated that Egypt ranked ninth globally among the countries most attractive to foreign direct investment (FDI) in 2024, with a value of $47 billion. Egypt ranked first in Africa in attracting FDI inflows in 2024, with a growth rate of 373%.
The report revealed that Egypt ranked ninth globally among the countries most attractive to foreign direct investment (FDI) in 2024, with investments amounting to $47 billion. This jumped from 32nd place globally in 2023, which recorded $10 billion. This was supported by the Ras El Hekma project and the deals concluded by the country last year. Egypt ranked ninth, after the United States, which ranked first, Singapore, Hong Kong, China, Luxembourg, Canada, Brazil, and Australia.
The report indicates a 75% increase in foreign direct investment (FDI) flows into Africa over the past year, rising from $55 billion in 2023 to $97 billion in 2024. Egypt topped the list of fastest-growing and most attractive investment countries on the continent, with a growth rate of 373%, followed by Ethiopia, Côte d’Ivoire, Mozambique, and Uganda.
The report noted that 2024 witnessed radical transformations in FDI, including increased investor confidence and strategic partnerships. It noted that FDI in Egypt in 2024 recorded the highest rate of increase in investment for the country in a single year, with the Ras El Hekma Development Agreement contributing to this significant increase.
The World Investment Report 2024 indicated that global foreign direct investment (FDI) flows declined by 11% in 2024, reaching $1.5 trillion, compared to $1.67 trillion in 2023. New projects registered a slight increase of 3%, reaching 19,356. Advanced economies experienced a 22% decline, while investment levels in developing countries stabilized, and flows to least developed countries increased by 9%.
The Egyptian government intends to continue implementing economic reforms and the National Structural Reform Program to enhance macroeconomic stability, improve the investment environment, advance the transition to a green economy, and achieve private sector-led economic growth, despite surrounding geopolitical tensions and global economic challenges.