Dr. Basil Rushdie, Secretary -General of the Egyptian Direct Investment Association and Chairman of the Board of Directors of the Nile Holding Group for Investments, revealed the total value of the company's direct investments at the end of last year 2021, which amounted to about 70 million dollars.
He added in statements to "Tomorrow's Funds", that the investment portfolio is represented in a number of investments in the financial technology sectors, energy, environmental services and the real estate sector.
He pointed out that the company's investment strategy during the last 3 years has focused on directing liquidity to expand the financial technology sector in addition to the sectors related to the green economy and renewable energy projects and recycling of waste and exploit it in power generation.
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In the same context, the Secretary -General of the Egyptian Direct Investment Association pointed to the latest statistics expressing the volume of foreign direct investments during the fiscal year 2021/2022, which showed the reception of total investments ranging between 5.5 to 6 billion dollars.
He added that despite the low rates compared to the pre -crisis period, it is considered a certificate of confidence by foreign institutions in the Egyptian market and a tribute to the ability of the Egyptian government in dealing with the pandemThe economic recession imposed by the pandemic on all countries of the world, and this came with the support of the strong financial and monetary structure that supported the government's ability to provide a package of incentives to support companies in avoiding the repercussions of the crisis.
He stressed that the Egyptian market is still at the top of the priorities of a large segment of foreign institutions and investors by supporting the consumer nature in light of the increasing population density in addition to the sectoral diversity and security and political stability, as well as the availability of workforce and natural materials, those factors that predicted the ability of the Egyptian market to attract more investmentsForeign, whether direct or indirect.
He continued, explaining: “But the average flow of hot capital is still linked to many external factors, especially tensions and geopolitical turmoil, in addition to the global economic crisis by pressure exacerbating inflation rates and the current global trend towards raising interest rates and the impact of this on the economies of major countries.”
