Bahraini Investments in Egypt Reach $450m in 2024, Minister Says

Strategic Insights -

Egypt has undergone significant transformation in its development, attracting a record amount of foreign direct investment (FDI) in 2024, making it the first in Africa and ninth globally. Minister of Investment and Foreign Trade, Hassan El-Khatib, highlighted the country's ambitions to strengthen economic integration with Bahrain, leveraging its strategic location and extensive network of free trade agreements to welcome international capital and expertise.

Key Takeaways:

  • Bahraini investments in Egypt reached approximately $450m in 2024, spread across more than 237 companies.
  • Bilateral trade between the two countries amounted to around $35.27m during the same year.
  • Egypt ranked first in Africa and ninth globally for attracting foreign direct investment (FDI) inflows in 2024.
  • The government aims to build on these achievements by continuing reforms to create a more attractive environment for business and investment.
  • Egypt's strategy is to rank among the world's top 50 countries in investment and trade competitiveness indicators within the next two years.
  • Bahrain's economy, with its advanced expertise in financial services, energy, and specialized industries, makes it an ideal partner to strengthen economic integration with Egypt.
  • The forum represents a new starting point for strategic cooperation and reflects the depth of the countries' long-standing fraternal ties.

Statistics:

  • Bahraini investments in Egypt reached approximately $450m in 2024.
  • 237 companies benefited from Bahraini investments in Egypt in 2024.
  • Bilateral trade between Egypt and Bahrain amounted to around $35.27m in 2024.
  • Egypt attracted a record amount of foreign direct investment (FDI) in 2024, ranking first in Africa and ninth globally.
  • Egypt aims to rank among the world's top 50 countries in investment and trade competitiveness indicators within the next two years.

Sources:

  • Hassan El-Khatib, Egypt's Minister of Investment and Foreign Trade
  • EgyptianBahraini Business Forum
  • Dailynewsegypt