Saudi Press

Saudi Arabia and the world
Saturday, Jul 12, 2025

Qatar to invest $5bn in Egypt as ties improve

Qatar to invest $5bn in Egypt as ties improve

Egypt says the move is meant to strengthen economic and investment cooperation between two ‘brotherly’ countries.

Qatar will invest $5bn in Egypt, officials have said, signalling increasing improvement in ties between the two nations.

The announcement came on Tuesday as Qatar Foreign Minister Mohammed bin Abdulrahman Al Thani wrapped up a visit to the Egyptian capital of Cairo, where he met Egyptian President Abdel Fattah el-Sisi and other government officials.

An Egyptian statement said the $5bn package is meant to “strengthen economic and investment cooperation between the two brotherly countries”.

The statement didn’t provide further details such as a timeframe for the investments. Qatar’s state-run news agency also reported the development.

Egypt’s economy is under pressure amid an inflationary wave triggered by the coronavirus pandemic and Russia’s war in Ukraine, which caused oil prices to surge.

The war has also impacted the vital tourism sector, as most foreign visitors to the country’s Red Sea resorts have come from Russia and Ukraine. Egypt is also the world’s largest importer of wheat, most of it coming from Russia and Ukraine.

Al Thani, who is also Qatar’s deputy prime minister, arrived in Egypt on Monday on his second visit since Egypt and three Gulf nations ended a blockade of Qatar last year. He was accompanied by Finance Minister Ali bin Ahmed Al Kuwari.

El-Sisi, who met the Qatari ministers on Tuesday, hailed “the tangible progress in the course of Egyptian-Qatari relations,” according to the Egyptian leader’s office.

The Qatari officials also met Prime Minister Mostafa Madbouli and Finance Minister Mohamed Moait. The prime minister’s office announced the investment agreement.


Qatar’s previous investment in Egypt has focused on the real state and oil sectors, including the building of a $1.3bn luxury hotel on Cairo’s Nile Corniche. Qatar Petroleum held a major stake in a $4.4bn refining firm, according to the state-run Al-Ahram daily.

In a joint news conference Monday with Foreign Minister Sameh Shoukry, Al Thani said Qatar’s ties with Egypt were improving “after we overcame the previous period, which was marred by some tensions”.

A declaration in January 2021 ended a diplomatic crisis that began in 2017 with a rift between Egypt, Saudi Arabia, the United Arab Emirates and Bahrain on one side and Qatar on the other.

The four countries had imposed a blockade on Qatar and hoped an embargo and media blitz would pressure it to end its close relations with Turkey and Iran.

Since the dispute ended, ties between the five countries have improved and top officials have exchanged visits. Al Thani visited Cairo in May and met with el-Sisi.

The Egyptian leader also met twice with Qatar’s Emir Sheikh Tamim bin Hamad Al Thani — once in November on the sidelines of a climate change summit in Glasgow and most recently in February when they attended the opening of the Olympic winter games in Beijing.

Newsletter

Related Articles

Saudi Press
0:00
0:00
Close
Kurdistan Workers Party Takes Symbolic Step Towards Peace in Northern Iraq
BRICS Expands Membership with Indonesia and Ten New Partner Countries
Elon Musk Founds a Party Following a Poll on X: "You Wanted It – You Got It!"
AI Raises Alarms Over Long-Term Job Security
Saudi Arabia Maintains Ties with Iran Despite Israel Conflict
Russia Formally Recognizes Taliban Government in Afghanistan
Mediators Edge Closer to Israel-Hamas Ceasefire Agreement
Emirates Airline Expands Market Share with New $20 Million Campaign
House Oversight Committee Subpoenas Former Jill Biden Aide Amid Investigation into Alleged Concealment of President Biden's Cognitive Health
Amazon Reaches Major Automation Milestone with Over One Million Robots
Meta Announces Formation of Ambitious AI Unit, Meta Superintelligence Labs
China Unveils Miniature Insect-Like Surveillance Drone
Marc Marquez Claims Victory at Dutch Grand Prix Amidst Family Misfortune
Iran Executes Alleged Israeli Spies and Arrests Hundreds Amid Post-War Crackdown
Trump Asserts Readiness for Further Strikes on Iran Amid Nuclear Tensions
Iran's Parliament Votes to Suspend Cooperation with Nuclear Watchdog
Trump Announces Upcoming US-Iran Meeting Amid Controversial Airstrikes
Trump Moves to Reshape Middle East Following Israel-Iran Conflict
NATO Leaders Endorse Plan for Increased Defence Spending
U.S. Crude Oil Prices Drop Below $65 Amid Market Volatility
Explosions Rock Doha as Iranian Missiles Target Qatar
“You Have 12 Hours to Flee”: Israeli Threat Campaign Targets Surviving Iranian Officials
Oman Set to Introduce Personal Income Tax, First in Gulf
Germany and Italy Under Pressure to Repatriate $245bn of Gold from US Vaults
Iran Intensifies Crackdown on Alleged Mossad Operatives After Sabotage Claims
Trump Praises Iran’s ‘Very Weak’ Response After U.S. Strikes and Presses Israel to Pursue Peace
WATCH: Israeli forces show the aftermath of a massive airstrike at Iran's Isfahan nuclear site
We have new information and breaking details to share about what is shaping up to be a historic air campaign tonight
Six Massive Bombs Dropped on Fordow; Trump: 'A Historic Moment for the U.S., Israel, and the World'
Fordow: Deeply Buried Iranian Enrichment Site in U.S.–Israel Crosshairs
United States Conducts Precision Strikes on Iran’s Nuclear Sites
US strikes Iran nuclear sites, Trump says
Pakistan to nominate Trump for Nobel Peace Prize.
Israel Confirms Assassination of Quds Force Commander in Tehran
16 Billion Login Credentials Leaked in Unprecedented Cybersecurity Breach
Senate hearing on who was 'really running' Biden White House kicks off
G7 Leaders Fail to Reach Consensus on Key Global Issues
Mass exodus in Tehran as millions try to flee following Trump’s evacuation order
Iranian Military Officers Reportedly Seek Contact with Reza Pahlavi, Signal Intent to Defect
Vietnam Emerges as Luxury Yacht Destination for Ultra‑Rich
China's Iranian Oil Imports Face Disruption Amid Escalating Middle East Tensions
Trump Demands Iran's Unconditional Surrender Amid Escalating Conflict
Israeli Airstrike Targets Iranian State TV in Central Tehran
President Trump is leaving the G7 summit early and has ordered the National Security Council to the Situation Room
Netanyahu Signals Potential Regime Change in Iran
Analysts Warn Iran May Resort to Unconventional Warfare
Iranian Regime Faces Existential Threat Amid Conflict
Energy Infrastructure Becomes War Zone in Middle East
Iran Conducts Ballistic Missile Launches Amid Heightened Tensions with Israel
Iran Signals Openness to Nuclear Negotiations Amid Ongoing Regional Tensions
×