Egypt, Qatar eye stronger bilateral ties with major investments in real estate, industry, tourism
Egypt’s Prime Minister Moustafa Madbouly announced on Wednesday key areas of collaboration with Qatar, including a significant real estate investment project in North Coast.
The remarks followed Prime Minister Madbouly’s meeting with Qatari Prime Minister and Foreign Minister Sheikh Mohammed bin Abdulrahman Al Thani and his high-profile delegation in Cairo.
Egypt and Qatar are exploring numerous opportunities to deepen trade and investment ties, with a particular focus on construction, manufacturing, tourism, and more, he noted,
Prime Minister Madbouly highlighted the potential for Qatari companies to partner with Egypt, building on their extensive experience in real estate development from the 2022 World Cup infrastructure projects. He emphasised that these companies could play a pivotal role in Egypt’s real estate market, particularly in the North Coast region and other areas of the country. Moreover, he noted the opportunity for collaboration with Egyptian construction firms working on large-scale projects across Africa.
The Egyptian prime minister also confirmed the shared desire of Cairo and Doha to increase trade exchange, citing the substantial economic potential between the two nations. The Egyptian government is committed to working closely with Qatari authorities to achieve these goals, particularly in the manufacturing sector. With a wide range of industrial investment opportunities available in Egypt, Prime Minister Madbouly invited Qatari investors to explore partnerships that could benefit both countries, particularly by using Egypt as a gateway to the African market and countries with which Egypt has free trade agreements.
The tourism and hospitality sectors also represent a key area for future collaboration, with Qatar expressing strong interest in investment opportunities along Egypt’s North Coast. The Egyptian government is ready to move forward with these plans, presenting a range of investment opportunities in Greater Cairo and the New Administrative Capital, he stated. These opportunities will be available for acquisition or partnership with Egyptian private sector firms.
Further areas of potential collaboration include investments in Egypt’s ports, logistics zones, and data centers. Prime Minister Madbouly noted that major projects in these sectors are already underway in the New Alamein City and Greater Cairo, with access to the necessary energy resources for development.
In addition to real estate and tourism, the prime minister also pointed to the growing investment opportunities in the New Administrative Capital, especially in real estate and tourism. He mentioned that Khaled Abbas, head of the New Administrative Capital Company, had discussed these opportunities with Qatari developers during his visit to Doha in October 2023.
Looking ahead, Prime Minister Madbouly expressed Egypt’s commitment to holding regular sessions of the Egypt-Qatar Investment Forum, which held its inaugural meeting in Cairo in November 2023. This forum aims to foster stronger communication and co-operation between the business sectors of both nations, with hopes for a second round of discussions in early 2025.
On the Qatari side, the Qatari Prime Minister reiterated his country’s commitment to further strengthening economic ties. He emphasised Qatar’s ambition to significantly increase its investments in Egypt and help double trade exchange between the two nations.
With ongoing industrial cooperation already in place, Sheikh Mohammed expressed optimism about deepening this partnership, particularly in Egypt’s industrial sector, to achieve mutual economic benefits for both countries.
Attribution: The Egyptian Cabinet
