According to Hossam Heiba, the head of GAFI, Egypt's foreign investment in FY 2023–2024 was driven by the Ras Al-Hikma deal and was primarily focused on construction.

According to a statement by Hossam Heiba, CEO of the General Authority for Investment and Free Zones (GAFI), the number of new businesses founded in the construction industry in 2024 rose by 20% to 2,856 from 2,375 in 2023.

Heiba said that, thanks to the Ras Al-Hikma transaction, the construction industry accounted for 76% of the entire value of net foreign direct investment (FDI) inflows for fiscal year (FY) 2023/2024, or $35.756 billion.

His comments were made during the third "The Investor: Real Estate" conference, which was organized in collaboration with the Real Estate Development Chamber and sponsored by Prime Minister Mostafa Madbouly.

Representatives from the Ministries of Housing and Finance, the Financial Regulatory Authority (FRA), several public and private banks, and significant real estate developers in the Egyptian market were among the many government and private sector representatives who attended the conference.