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A Comparative Study for Mechanisms to Attract Foreign Investment in Egypt and Some Arab Countries
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Abstract: ــــــــــــــــــــــــــــــــــــــــــــــــــــــــــــــــــــــــــــــــــــــــــــــــــــــــــــــــــــــــــــــــــــــــــــــــــــــــــــــــــــــــــــــــــــــــــــــــــــــــــــــــــــــــــــــــــــــــــــــــــــــــــــــ
• Journal of Agricultural Economics and Social Sciences, Mansoura University, Vol. (8), No. (9), 2017.
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The International Monetary Fund (IMF) estimates that Egypt is ranked second in the Arab world in terms of foreign investment flows, with a value of 8.1 billion dollars, representing about 26.3% of the total inflows of Arab countries estimated at 30.8 billion dollars in 2016. However, Egypt is ranked according to the international classification and international indicators within the group of countries that are very weak in terms of the ability to attract foreign direct investment, and less in attracting factors of investment and other Arab countries. Which requires the research behind the decline of the Egyptian international indicators compared to some Arab countries, and the extent of the reflection of Egypt's ability to attract foreign investment on the flow of investment to the Egyptian agricultural sector. Which requires the research behind the decline of the Egyptian international indicators compared to some Arab countries, and the reflection of Egypt's ability to attract foreign investment on the flow of investment to the Egyptian agricultural sector. And then aimed at comparing the mechanisms of attracting foreign direct investment in Egypt and some Arab countries and the reflection on the volume of foreign investments directed to the Egyptian agricultural sector. The results showed Saudi Arabia's acquisition of first place in the volume of incoming foreign investments by 27.7% during the period 2011-2016 compared to 38.2% of the total volume of investments received by the Arab countries during the period 2006-2010, In the Arab region. , Followed by Egypt and the United Arab Emirates with 11.44% and 10.9% respectively during the period 2006-2010. Morocco also showed clearly on the map of Arab investment attraction during the period 201-2016 with 8.1% compared to 3% In the first period. This may be due to the fact that during this period, Egypt underwent policy changes that led to a state of economic decline and the flight of foreign capital into more stable areas such as the UAE and Morocco. Egypt is at the forefront of the Arab countries receiving foreign investment projects worth about 40.9 billion dollars, accounting for 44.3% of the total value of investment projects in the Arab region in 2016, estimated at 92.3 billion dollars. According to the 2017 Competitiveness Index, Morocco ranked 70th in 2016 and remained 8th in the Arab world, followed by Lebanon ranked 101th globally and 11 Arabs. Egypt, which was one of the oldest countries to participate in the ranking, ranked 115th in the world and 12 in 2016. To the political events witnessed by Egypt during the past few years, which have hit the Egyptian economy and affected the financial sector and raised the rate of inflation. Despite the fact that Egypt is an agricultural country in the first place, Morocco has outperformed the relative importance of the added value of the agricultural sector to the GDP, estimated at 13% in 2016, despite its decline while the relative importance of added value in the Egyptian agricultural sector was about 12%. %. The following research is recommended: • Accelerate the implementation of economic reform programs, which will contribute to reducing inflation rates and budget deficit and gives the investor confidence in the ability of the Egyptian economizer to provide an encouraging investment climate.• A package of reform policies for the agricultural sector should be adopted in particular, including the enactment of legislation on investment in the agricultural sector and the encouragement of foreign and domestic investors to work in this important sector, whether through stimulating tax policies, long-term subsidized investment loans, Agricultural sector, providing logistical services to the sector.
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| URL |
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| Publication year |
2017
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| Organization Name |
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| City |
الدقهلية
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| serial title |
مجلة الاقتصاد الزراعي والعلوم الاجتماعية
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| Author(s) from ARC |
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| Publication Type |
Journal
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