Qatar to invest $7.5b in Egypt

Egypt, Qatar Agree to $7.5 Billion Investment Package, Reaffirm Support for Gaza Ceasefire

Egypt and Qatar have agreed to work toward a package of USD 7.5 billion (EGP 383.38 billion) in direct Qatari investments in Egypt, the two countries announced in a joint statement on Monday, 14 April. The agreement follows President Abdel Fattah El-Sisi’s official visit to Doha, part of a two-leg Gulf tour that also includes Kuwait. El-Sisi held talks with Qatari Emir Sheikh Tamim bin Hamad Al Thani during the visit, with discussions focusing o…

Qatar joins Gulf peers in backing Egypt with potential $7.5B investment

The NewsEgypt may receive a $7.5 billion investment from Qatar — a striking turnaround given that just a few years ago, Cairo embargoed Doha and accused it of sponsoring terrorism. The possible pledge, the largest since the two countries normalized relations in 2021, was announced following a meeting in Doha between Egypt’s president and Qatar’s ruler. It comes as Egypt emerges from a foreign-currency crisis and works to stabilize its economy.Gu…

Qatar to invest $7.5b in Egypt

Qatar plans to invest $7.5 billion in Egypt, the two countries said in a joint statement on Monday after Egyptian President Abdel Fattah al-Sisi visited the gas-rich Gulf state. "The two sides emphasised the importance of strengthening economic cooperation... they agreed to work toward a package of direct Qatari investments totalling $7.5 billion, to be implemented over the next phase," Qatari official media said, citing the statement. Qatari Em…

Egyptian President Al Sisi meets Emir of Qatar, Tamim bin Hamad al Thani

Qatar to invest $7.5 bn in Egypt following economic crisis

Qatar plans to invest $7.5 billion in Egypt, the two countries said in a joint statement on Monday after Egyptian President Abdel Fattah al-Sisi visited the gas-rich Gulf state. "The two sides emphasised the importance of strengthening economic cooperation... they agreed to work toward a package of direct Qatari investments totalling $7.5 billion, to be implemented over the next phase," Qatari official media said, citing the statement. Qatari Em…

Egypt's Sisi visits Qatar, nabs $7.5B in investments: What to know

President Abdel Fattah al-Sisi’s trip to Doha comes amid Egypt’s moves to improve ties with Turkey and tensions with the UAE over the Gaza war.