Egypt’s President Abdel Fattah El-Sisi and Qatari Emir Sheikh Tamim bin Hamad Al Thani have agreed on a direct Qatari investment package worth $7.5 billion for Egypt, to be implemented in the coming phase.
The move aims to support sustainable economic development, according to a joint statement issued by both sides.
The agreement comes as part of President El-Sisi’s Gulf tour, which includes visits to Qatar and Kuwait, focusing on strengthening economic and investment cooperation.
Discussions during the tour also cover regional developments and efforts to reach a ceasefire in Gaza, the Egyptian presidency said in a separate statement.
Egypt is seeking to attract an additional $2 billion in Qatari investments this year, on top of a projected $6 billion between 2026 and mid-2027, according to earlier statements by a senior government official to Asharq News.
The official noted that this year’s expected investments will target key sectors including real estate development, tourism, industry, ports, logistics zones, financial services, and food security.
Both sides emphasized the importance of economic collaboration and agreed to continue working closely to enhance investment and economic exchange, reflecting the strong political will between the two nations.
It's worth mentioning that Qatari investments in Egypt reached $618.5 million during the 2023–2024 fiscal year, up from $548.2 million the previous year. Meanwhile, Egyptian investments in Qatar climbed to $171.5 million, compared to $86.8 million a year earlier.
Follow the latest news on Google News
