A recent report from experts shows that Egypt is set to become the largest recipient of foreign direct investment (FDI) in Africa in 2020, accounting for 15 percent of the total $39.8 billion flowing into the continent.
According to a report on the investment climate issued by the Arab Investment and Export Credit Guarantee Corporation, Egypt receives a total of $5.9 billion worth of foreign direct investment in 2020, representing 14.5% of the $40.5 billion invested in the region over the past year. However, Egypt came second, receiving around $19.9 billion in foreign direct investment annually. For the fifth consecutive year, Egypt topped the list of foreign direct investment destinations with nearly $124.5 billion.
The investment climate in Egypt and Egypt’s vision for foreign investment pointed out the importance of political stability as a prerequisite for investment and that the end of the state of emergency in Egypt reflects the country’s stability and attractiveness for international investment.
In the Doing Business 2020 Index published by the World Bank, Egypt was able to improve its ranking by six places to reach 114th place out of 190 countries. This was due to the implementation of four business reforms during the index classification period and several reforms among MENA countries, highlighting the improvement of Egypt’s investment climate.
Egypt ranked second as the most attractive Arab destination for foreign direct investment, with 15% of the $39.8 billion that will flow into the African continent in 2020 going to the country. Egypt also received approximately $5.9 billion in FDI in 2020, accounting for 14.5% of the $40.5 billion invested in the region that year.
and there is a very good opportunity in Egypt for investments such as village gate mall in Egypt
The most important investment in Egypt was the investment in the real estate market as well as the construction of several places to present a great opportunity investment.
More information on investment opportunities in Egypt can be found on our website LaCosta Real Estate
How to invest in real estate in Egypt
To learn how to invest in real estate in Egypt, we need to list some important tips for every investor, which should be taken care of to avoid huge losses, it is as follows:
- Before embarking on an experiment, an investor should do a detailed feasibility study to identify the attractive factors and drawbacks.
- It is necessary to decide on the amount of money (budget) one wishes to start investing and not to risk huge amounts of money from the outset.
- Targeting the right customers, whether they are borrowers or buyers.
- An agent specializing in marketing and property investment will facilitate and invigorate the process of selling or renting.
- In the case of buying, it is necessary to check the approved documentation before paying the purchase price to the original property owner or company to avoid the risk of falling prey to fraudsters.
- Finally, in the case of construction, all documentation must be extracted to facilitate the sale.
Details of investment opportunities in Egypt can be found on our website LaCosta Real Estate
