Egypt’s Delegation In Doha Will Discuss Qatari Diar’s Disputes

Muharam Helal, Chairman of the Egyptian Qatari Business Council, said the agenda of the Egyptian delegation, which will participate in the joint business council in the Qatari capital of Doha, would discuss two important files. They are the file of importing gas from Qatar via Citadel Capital along with resolving the investments disputes of Qatari companies in Egypt.

The visit will discuss the possibility of giving the Egyptian companies of construction features to facilitate the process of entering the infrastructure projects that are being offered by the Qatari government, and concern Qatar’s preparations for World Cup in 2022.

Helal elaborated that the file of the Qatari Diar Real Estate Investment Company (Qatari Diar) is about its dispute and problems over developing lands on an area of 30 million square meters in Sharm Al Sheikh, in addition to its hotel on Nile in Cairo, which will be discussed during the Egyptian delegation’s visit.

At the end of 2012, Qatar announced that it is willing to inject $ 18 investments in Egypt through a whopping touristic venture in the North Coast, Egypt, and another project in west Suez Gulf at $8 billion investments.

Egypt’s Citadel Capital issued a statement last November about signing an agreement with QInvest and other Qatari partners to establish a company for importing natural gas mid-2013.

With this regard, a delegation of Egyptian Ministers is encompassing Hatem Saleh, Osama Saleh, and Dr Ashraf Al Araby heading to the Qatari capital to attend the functions of the joint business council. This participation is included in the first stage of the Gulf tour that Kandil’s cabinet kicked off today.