Egyptian workers’ remittances from Jordan 2020–21 stand at $744m

(File photo: Ameer Khalifeh/Jordan News)
AMMAN Egyptian workers in Jordan have transferred $774.2 million in remittances during the fiscal year 2020–2021, according to the Egyptian Central Agency for Public Mobilization and Statistics, Khaberni reported on Monday. اضافة اعلان

Jordan ranked fifth on the list of the top 10 Arab countries by value of remittances of Egyptian workers during the period.

Saudi Arabia ranked first, with Egyptian workers’ remittances reaching $11.2 billion, followed by Kuwait at $4.4 billion, the UAE at $3.4 billion, and Qatar at $1.5 billion. Oman ranked sixth with $162 million, followed by Bahrain with $104.1 million, Yemen with $79.9 million, Iraq with $43.7 million, and Lebanon with $39.5 million.

By the end of 2021, 7.1 million Egyptians were residing in Arab countries, according to the agency’s estimates.

According to the agency data, there has been an increase in the value of Arab countries’ investments in Egypt, reaching $8.2 billion during the fiscal year 2021–2022, up from about $3.1 billion in the previous fiscal year, a 163.8 percent increase.

According to data, Jordan ranks seventh among the top 10 Arab countries investing in Egypt during the 2021–2022 fiscal year, with a value of $51.9 million.

The UAE ranks first, with $5.7 billion, followed by Kuwait at $669.3 million, then Qatar at $518.3 million, followed by Saudi Arabia with $491.6 million, Bahrain with $457.9 million, Tunisia with $58.7 million, Morocco with $51.1 million, Lebanon with $28.3 million, and Libya with $19.3 million.

The value of remittances of Egyptians working in the Arab countries grew by a record 10.9 percent, to reach $21.9 billion during the fiscal year 2020/2021; it had reached $19.8 billion the year before.

During the fiscal year 2020–2021, the value of remittances of Arabs working in Egypt had decreased to reach $114.9 million, a 2.5 percent decrease compared to the $117.8 million during the year before.

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