Cairo – Egypt was the top African and third Arab country in terms of attracting foreign direct investment (FDI) during 2020, First Assistant of the Minister of Supply and Chairman of the Internal Trade Development Authority, Ibrahim Ashmawy, was cited by the Middle East News Agency (MENA). The most populous Arab nation attracted $2.6 billion, representing 15% of total FDI flows into the African continent, amounting to $39.9 billion, Ashmawy added. Spending of Egyptians on foods and services reached $2.1 trillion last year and a third of which were directed to food products, he noted. On a side note, Ashmawy added that a number of commodities will be traded on the new commodities exchange (EGYCOMEX) during the first quarter (Q1) of 2022. Source: Mubasher All Rights Reserved - Mubasher Info © 2005 - 2021 Provided by SyndiGate Media Inc. (Syndigate.info). Disclaimer: The content of this article is syndicated or provided to this website from an external third party provider. We are not responsible for, and do not control, such external websites, entities, applications or media publishers. The body of the text is provided on an “as is” and “as available” basis and has not been edited in any way. Neither we nor our affiliates guarantee the accuracy of or endorse the views or opinions expressed in this article. Read our full disclaimer policy here.
