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Reuters
The Central Bank of Egypt said transfers received from abroad to purchase real estate in Egypt with the knowledge of non-residents recorded $ 666.2 million in the last fiscal year 2019/2020.
In its statement of balance of payments performance, the Central Bank said that the proceeds from the sale of businesses and productive assets to non-residents increased by $ 56.9 million, to 143.7 million. millions of dollars.
He added that net transfers received from abroad for the purpose of investing in non-oil sectors decreased by $ 383.4 million, to record about $ 1.1 billion, with payments declining in each of the net investments. received to create businesses or increase their capital by $ 280.9 million, to reach $ 295.4 million.
Source: Agencies
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