」．Fac ．　 Agr． ，　 Ky雛s｝搬賢r叡．，46（D，185－2◎王（2◎◎1） The Role　and　Determinants　of　Direct　Foreign　lnvestment　in　Egypt

De＄pite of Egypt eontinuou ＄ econemic con¢essioRs to attract more direct foreign iRvest－ me ． nt （DFI ） that js neeessary for the breakthrough stage of the comprehensive econornic reform since 1991 ， these investmeftts are stil ］ small aHd irtadequate ． So ， this study attempts to analyze 麗rd㈱a蝦獄a熱毎伽rs類撫e轟融9至bre㎏飛 ， espee蓋a銭y 3aρa益eseδ董recも類ves徽e厩．丁薮e c◎r－ re＄pendag exaininatioll includes the DFI share of the deve｝oping coliRtries as well as Egypt ， the advaiitage ＄ of DFI in Egypt respectively at the national and agricultural sector ， reasons for the weak fiow of DFI to Egypt ， the eligibility of the Egyptian ecoRomy to attract foreign investment， 撫e・CORtr呈b砿山◎R Oご臓黛DF憩◎wめ◎二二撫eも◎もa1£gy沿捻wes織舗畿二二agr圭。嘘ura韮secも◎r。 The main finding is that the a ／ ount of intemational ， particularly japanese DFI allocated to the developing ． count，ries including Egyptis very g ． mall ， which are mainly concentrated on the developed ¢ountries ． ’1’he pr，incip｝es factors governing the eligibility of the national economy to att’ract fmore DFI cazz be coRs量縫er¢二曲e二面εrce漁ge◎f exp◎r塾s va茎疑eも。縣e gross d◎澱esも韮c produet GDP ， the growth rat，e of the GDP ， the rate of investment returns ， the percentage of public foretgn debt to the GDP ， payment balance defieit ， monetary infiation rate ． These indi－ eaters cau be a｝＄o used to refiect the real iraprovement in the perforrnance of t．he Egyptia