Oil investments equaled 1% of the money invested in Egypt during the third quarter of fiscal year (FY) 2016/2017, Egypt Oil & Gas reports.
Investments in refining and natural gas equaled 0.2% and 8.2% of the total investments during the same time period.
The electricity sector received the largest portion of the quarter’s investments, taking in 15.5% of the country’s total investments. Following close behind was the real-estate sector at 14.2%, according to statistics released by the Central Agency for Public Mobilization and Statistics (CAPMAS).
Other industries receiving investments were: transitional industries (13.3%), construction industries (2.4%), transportation and storage industries (8%), and the Suez Canal (1.9%).
Egyptian nationals and companies invested approximately EGP 2.082 billion during the quarter. Non-Egyptians invested EGP 330.5 million.