Egyptian President Abdel Fattah El-Sisi met with representatives of the Qatari business community to explore opportunities for deeper trade and investment cooperation between Egypt and Qatar.
The session was attended by senior Qatari officials, including Prime Minister and Minister of Foreign Affairs Sheikh Mohammed bin Abdulrahman Al Thani, Minister of Finance Ali bin Ahmed Al Kuwari, Minister of Municipality Abdullah bin Hamad Al Attiyah, and Minister of State for Foreign Trade
Ahmad bin Mohammed Al Sayed, and Chairman of the Qatar Chamber of Commerce and Industry, Sheikh Khalifa bin Jassim Al Thani. Leading Qatari companies and members of the Qatari Businessmen Association also participated.
President El-Sisi engaged in an open and interactive dialogue with Qatari business leaders, presenting Egypt's current economic outlook and investment climate.
He acknowledged the economic challenges Egypt has faced in recent years but emphasized that the country has implemented necessary reforms and now offers a more stable and investor-friendly environment. He confirmed that there are no longer restrictions on repatriating profits in foreign currency, assuring investors of Egypt's financial openness.
On infrastructure development, President El-Sisi highlighted Egypt’s establishment of seven major logistics hubs connecting the Red Sea and the Mediterranean, supported by a strong national road network and linked to upgraded seaports. He invited Qatari investors to visit these logistical sites, emphasizing the strategic opportunity they represent for investment in Egypt’s growing logistics sector.
In tourism, the president pointed to Egypt’s ambition to double its annual tourist arrivals from 16 million to 30 million. He stressed that the country’s vast tourism assets, including its unique archaeological sites and coastal destinations, provide a solid foundation for this growth target.
President El-Sisi also outlined Egypt’s large-scale agricultural development projects, revealing that between 2 to 3 million feddans (acres) have already been prepared for cultivation. He expressed Egypt’s openness to Qatari partnerships in this area, encouraging private sector collaboration in food production and land development.
Finally, the president invited Qatari investment in the automotive industry, particularly in electric vehicles. He emphasized that Egypt possesses the necessary industrial infrastructure and a sizable consumer market, making it an attractive destination for car manufacturing.
Follow the latest news on Google News
