Egypt’s net foreign direct investment (FDI) rose by 14.5 percent to $7.9 billion in the 2016-2017 fiscal year.
That was well below Egypt’s target of $10 billion.
The Central Bank said the country paid more than $2 billion in arrears owed to foreign oil companies in the second half of 2016-2017, which helped attract investors to the oil sector.
Egypt has continues to struggle to attract foreign investment following a 2011 uprising.
