Qatar Promises to Invest $7.5 Billion in Egypt During El Sisi’s Visit to Doha
On Monday, Qatar agreed to invest $7.5 billion in Egypt as the two countries strengthen their economic ties.
Sisi Visits Doha
Egyptian President Abdel Fattah El Sisi visited Doha, where he met with Qatar’s Emir, Sheikh Tamim bin Hamad Al Thani. After the meeting, both countries announced a new investment, though they didn’t share details yet.
During their talks, the two leaders discussed ways to work more closely together, especially in the economy. They agreed to continue working together to increase investment and trade between their countries.
Both leaders also showed their support for rebuilding Gaza and asked for an international conference in Cairo to discuss the plan with other countries in the region and beyond.
They shared serious concerns about the ongoing conflict in Gaza and stressed the need to work together to reach a quick and lasting ceasefire.
They also welcomed the talks happening in Oman between the US and Iran.
Strengthening Business Ties
On Sunday, President El Sisi met with Qatari business leaders. The meeting was also attended by Qatar’s Prime Minister and Foreign Minister, Sheikh Mohammed bin Abdulrahman Al Thani, along with other officials.
El Sisi encouraged Qatari businesses to invest more in Egypt. He pointed out that Egypt offers many opportunities in areas like technology, renewable energy, manufacturing, and tourism.
He added that despite past challenges, Egypt’s economy has stayed strong, and there are no problems for investors wanting to move profits out of the country in foreign currencies.
Trade and Investment Numbers
According to Egypt’s State Information Service, trade between Egypt and Qatar increased to $128.4 million last year, up from $72.1 million in 2023.
Qatar’s investment in Egypt grew to $618.5 million in the 2023-2024 fiscal year, compared to $548.2 million the year before. Egyptian investment in Qatar also rose, reaching $171.5 million, up from $86.8 million the previous year.
Published: 15th April 2025
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