{"id":647957,"date":"2017-05-24T04:11:38","date_gmt":"2017-05-24T04:11:38","guid":{"rendered":"https:\/\/enterpriseam.com\/egypt\/2017\/05\/24\/egypt-saw-highest-percentage-growth-of-fdi-in-africa-in-2016-ey\/"},"modified":"2017-05-24T04:11:38","modified_gmt":"2017-05-24T04:11:38","slug":"egypt-saw-highest-percentage-growth-of-fdi-in-africa-in-2016-ey","status":"publish","type":"post","link":"https:\/\/enterpriseam.com\/egypt\/2017\/05\/24\/egypt-saw-highest-percentage-growth-of-fdi-in-africa-in-2016-ey\/","title":{"rendered":"Egypt saw highest percentage growth of FDI in Africa in 2016 - EY"},"content":{"rendered":"

Egypt saw the highest percentage increase in foreign direct investment in Africa <\/strong>in 2016<\/strong>, growing 43.5%, according to EY\u2019s Africa Attractiveness Program 2017 report (pdf)<\/a>. Egypt was the third most popular destination for investments from outside the continent last year, following Morocco and South Africa which remained the top FDI destination in Africa. Out of the top three, Egypt saw the highest number of new FDI-funded projects in 2016, growing 19.7% year-on-year. Egypt, however, dropped eight places in EY\u2019s Africa Attractiveness rankings in 2017 to 11th place.<\/strong> The rankings factor in macroeconomic resilience, market size, business enablement, investment in infrastructure, economic diversification, and governance.<\/p>\n

Continent-wide, the report had glowing things to say, predicting that Africa\u2019s economy will <\/strong>reach USD 3 tn by 2030<\/strong>, on the back of 19 countries growing at an average rate of 5%. \u201cOverall growth is likely to remain robust relative to most other regions over the next decade. Structural evolution will continue, and as economic conditions improve globally, much of Africa will be well positioned to accelerate the growth momentum once again,\u201d the report said.<\/p>\n","protected":false},"excerpt":{"rendered":"

Egypt saw the highest percentage increase in foreign direct investment in Africa in 2016, growing 43.5%, according to EY\u2019s Africa Attractiveness Program 2017 report (pdf). Egypt was the third most popular destination for investments from outside the continent last year, following Morocco and South Africa which remained the top FDI destination in Africa. Out of […]<\/p>\n","protected":false},"author":1,"featured_media":647958,"comment_status":"closed","ping_status":"open","sticky":false,"template":"single-feature.php","format":"standard","meta":{"_acf_changed":false,"newspack_ads_suppress_ads":false,"newspack_popups_has_disabled_popups":false,"newspack_sponsor_sponsorship_scope":"","newspack_sponsor_native_byline_display":"inherit","newspack_sponsor_native_category_display":"inherit","newspack_sponsor_underwriter_style":"inherit","newspack_sponsor_underwriter_placement":"inherit","ep_exclude_from_search":false,"_primary_brand":0,"newspack_featured_image_position":"","newspack_post_subtitle":"","newspack_article_summary_title":"Overview:","newspack_article_summary":"","newspack_hide_updated_date":false,"newspack_show_updated_date":false,"_jetpack_memberships_contains_paid_content":false,"footnotes":""},"categories":[8572],"tags":[72,2380],"brand":[],"newspack_spnsrs_tax":[],"class_list":["post-647957","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-speed-round","tag-enterpriseam","tag-speed-round","wpautop","entry"],"acf":{"mongo_id":"e31b24fa-7b04-4b8e-b40f-c5625c39d9bf","order":"0","is_powered_by":true,"section_story_id":"397e9a39-5c81-40a8-8bdd-0fa1413f4a59","story_type":"1","photo_url":"https:\/\/ent.news\/2017\/5\/625.jpg","photo_position":"above","related_issue":[647947],"teaser":"","voice_url":""},"yoast_head":"\nEgypt saw highest percentage growth of FDI in Africa in 2016 - EY - EnterpriseAM Egypt<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/enterpriseam.com\/egypt\/2017\/05\/24\/egypt-saw-highest-percentage-growth-of-fdi-in-africa-in-2016-ey\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Egypt saw highest percentage growth of FDI in Africa in 2016 - EY\" \/>\n<meta property=\"og:description\" content=\"Egypt saw the highest percentage increase in foreign direct investment in Africa in 2016, growing 43.5%, according to EY\u2019s Africa Attractiveness Program 2017 report (pdf). Egypt was the third most popular destination for investments from outside the continent last year, following Morocco and South Africa which remained the top FDI destination in Africa. 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The report, which looks at FDI on a volume-of-projects basis as opposed\u2026","rel":"","context":"In "Speed Round"","block_context":{"text":"Speed Round","link":"https:\/\/enterpriseam.com\/egypt\/category\/speed-round\/"},"img":{"alt_text":"","src":"https:\/\/i0.wp.com\/ent.news\/internal\/536550.png?resize=350%2C200&ssl=1","width":350,"height":200},"classes":[]},{"id":622952,"url":"https:\/\/enterpriseam.com\/egypt\/2018\/10\/17\/global-fdi-slumped-in-1h2018-but-egypt-remains-africas-top-destination\/","url_meta":{"origin":647957,"position":2},"title":"Global FDI slumped in 1H2018, but Egypt remains Africa\u2019s top destination","author":"enterpriseam admin","date":"17 October 2018","format":false,"excerpt":"** #1 \u2013 Global FDI slumped in 1H2018, but Egypt remains Africa\u2019s top destination: Global FDI fell 41% y-o-y in 1H2018 to USD 470 bn, according to UNCTAD\u2019s latest investment trends monitor report (pdf). 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You can thank rising trade tensions, including the brewing trade war between the US and China as\u2026","rel":"","context":"In "Speed Round"","block_context":{"text":"Speed Round","link":"https:\/\/enterpriseam.com\/egypt\/category\/speed-round\/"},"img":{"alt_text":"","src":"https:\/\/i0.wp.com\/ent.news\/internal\/536550.png?resize=350%2C200&ssl=1","width":350,"height":200},"classes":[]},{"id":621601,"url":"https:\/\/enterpriseam.com\/egypt\/2018\/11\/13\/egypt-targeting-usd-11-2-bn-in-foreign-investments-by-2022\/","url_meta":{"origin":647957,"position":4},"title":"Egypt targeting USD 11.2 bn in foreign investments by 2022","author":"enterpriseam admin","date":"13 November 2018","format":false,"excerpt":"Egypt sees foreign direct investment at USD 11.2 bn in 2022, with inflows into renewable energy opportunities contributing c. 12% of that total, Investment Minister Sahar Nasr said, according to Al Mal. 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