Algeria's foreign investment falls USD1.2bln in 2017| MENAFN.COM

Monday, 15 August 2022 12:56 GMT

Algeria's foreign investment falls USD1.2bln in 2017


(MENAFN) Foreign investment in Algeria fell USD1.2 billion in 2017, a drop of 26% compared to 2016, according the UN Conference on Trade and Development (UNCTAD).

A World Investment Report published on Wednesday said that: "Foreign direct investment in North African countries fell by four per cent and reached $13 billion."

Low oil prices and the negative repercussions of the recession contributed to the contraction of the flow of investments to African economies, the authors said.

Investments in North Africa dropped four per cent and reached USD13 billion. In Egypt, they fell by nine per cent (USD7.4 billion).

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