The aim of this research is to study the impact of foreign direct investment on economic growth in Egypt from (1977 to 2019). The study measured the impact of foreign direct investment and imports on economic growth in Egypt since 1977. Econometric methods were used to analyze the relationship between foreign direct investment and imports on economic growth. Then an empirical investigation was conducted using regression analysis to address this relationship and causation between the variables.
The results of the regression analysis indicated that there is a positive relationship between imports and economic growth related to Egypt's imports of machinery and commodities necessary for production processing. And a negative relationship was found between foreign direct investment and economic growth, which indicates that foreign direct investment in Egypt did not increase production, but rather led to an increase in consumption. Foreign direct investment in Egypt was not directed towards building factories or supporting industries, but rather focused only on consumption.