Qatar to invest $7.5b in Egypt

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.

Egypt outlines EGP 327 bn investment plan for health, education in FY 2025/26

Egypt outlined a EGP 327bn public investment plan focused on health, education, scientific research, and other services for the fiscal year 2025/2026, the planning minister told parliament on Tuesday. Minister of Planning and Economic Development and International Cooperation, Rania Al-Mashat, presented the sectoral targets of the development plan during a plenary session