Morocco Central Bank of Egypt said that Morocco placed 7th in net direct investments, reaching $ 17 million during the third quarter of this year.
This total record represents a growth rate of 21.43%, compared to $ 14 million recorded in the second quarter, added the Bank.
The Central Bank further stated that the Arab countries top the most invested in Egypt, with net direct investments reaching $ 6.350 billion during the period July/March of the fiscal year 2021/2022, compared to $ 2.327 billion in the same period last year, with a growth rate of 172.88%.
Morocco ranked behind Jordan (6th), reaching net direct investments of $30 million during the third quarter of the fiscal year 2021/2022, compared to $7 million in the second quarter, with a growth rate of 328.57%.
The Kingdom also came ahead of Lebanon (8th) with a total value of $4 million during the third quarter of the fiscal year 2021/2022, compared to $1 million during the second quarter, with a growth rate of 300%, added the same source.
Overall, the UAE topped the ranking, representing the highest volume of investments in Egypt, with net investments of $2.67 billion in the third quarter of the fiscal year 2021/2022, compared to $1.47 billion in the second quarter, a growth rate of 81.63%, added Egypt’s Central Bank.
Kuwait ranked second, followed by Qatar (3rd), Bahrain (4th), and Saudi Arabia (5th), according to the same source.
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