Egypt has experienced a range of exchange rate regimes over the last 25 years, demonstrating that exchange rates play a critical role in determining the macroeconomic success of any emerging economy.
Egypt's goal with a flexible currency rate regime was to attract capital inflows while also allowing the economy to absorb genuine external shocks and increase exports. Egypt has used liberalization of the Egyptian pound twice since January 28, 2003, on November 3, 2016. 
The goal of this research is to see how the Egyptian pound's liberalization effects foreign direct investment in Egypt.  
In this study, we examined the association between a set of variables and foreign direct investment (FDI). We discovered that foreign direct investment (FDI), GDP, interest rates, exchange rates, and inflation all had a positive association. It also fulfilled the research's hypothesis: "The exchange rate affects foreign direct investment in a positive way" (FDI).