Research Article

Effects of the Global Crisis on the Egyptian Textiles and Clothing Sector: A Blessing in Disguise?

Table 21

Investment in TC by nationality (1995, 2007) in US$ millions.

19952007% change between 1995 & 2007

Domestic76227199%
85%65%
Arab2492350%
2%14%
Foreign1175582%
13%21%
Total investment89351294%
100%100%

Source: GAFI [22]. *Issued capital used as proxy for investment. *Data are converted from LE to US$ using the official exchange rate published. *Data cover companies operating under law 8/1997 both inland and free zones, and companies organized by the companies law 159/1981.