BusinessEconomy

CAPMAS reports 169% increase in UAE investments in Egypt in the first half of 2020/2021

Data from the Central Agency for Public Mobilization and Statistics revealed on Sunday, that the value of Emirati investments in Egypt increased to reach $ 1.9 billion during the first half of the fiscal year 2021/2022, compared to $712.6 million during the same period in 2020/2021, an increase of 169.1 percent.

CAPMAS indicated that the value of trade exchange between Egypt and the UAE increased by $1.2 billion during the first quarter of 2022, compared to $ 1.1 billion during the same period in 2021, an increase of 1.4 percent.

 

  • The value of the Egyptian imports from the UAE decreased to $ 642.9 million during the first quarter of 2022, compared to $ 793.3 million during the same period in 2021, a decrease of 19 percent.
  • The value of Egyptian exports to the UAE increased to $ 576.7 million during the first quarter of 2022, compared to $ 340.2 million during the same period in 2021, an increase of 69.5 percent.
  • The value of remittances from Egyptians working in the UAE amounted to $ 3.5 billion during the 2020/2021 fiscal year, compared to $ 3.4 billion during the 2019/2020 fiscal year, an increase of 1.4 percent.
  • The value of remittances from Emiratis working in Egypt amounted to $ 39.1 million during the fiscal year 2020/2021, compared to $ 41 million during the fiscal year 2019/2020, a decrease of 4.6 percent.

 

The number of Egyptians in the UAE, according to the the Egyptian mission’s estimates, reached 950,000 until the end of 2020.

Related Articles

Back to top button