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Egyptian government reveals size of Qatar investment in Egypt

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Official data released by the Cabinet Information Center in Egypt showed the amount of Qatari investment in Egypt as Prime Minister Mostafa Madbouli made his first visit to Qatar.

Economic relations between Egypt and Qatar have witnessed significant development in recent years. Qatar is the third largest Arab investor in Egypt in 2021/2022 through many large companies operating in Egypt and the remittances of Egyptians operating in Qatar are of great importance for foreign exchange flows to Egypt.

With regard to the development of Egyptian-Qatari relations, which is taking place in light of the rise of Prime Minister Dr. Mostafa Madbouli, the Ministerial Council Information and Decision Support Center sheds light on the degree of development of Egyptian-Qatari relations, as Qatar is the third largest Arab investor in Egypt in 2021/2022, as well as Qatar investment in Egypt in 2021/2022. were about $518.7 million compared to $507.9 million in 2020/2021.

Cabinet Information Center data showed that the most important Qatari companies operating in Egypt are Qatar National Bank in the financial services sector, Diar Real Estate Company in the real estate sector and Qatar Energy Company in the energy sector.

He also noted that by the end of 2021, the number of Egyptians in the State of Qatar had reached about 141,000, and the most important Egyptian exports to Qatar were furniture, machinery and electrical appliances.

It is noteworthy that Prime Minister Dr. Mostafa Madbouli is on a visit at the head of an official delegation of ministers and businessmen to the State of Qatar to discuss bilateral relations between the two countries and provide promising investment opportunities between Egypt and Qatar.

The meetings are scheduled to discuss the intensification of cooperation agreements signed between the two countries, the signing of new agreements in a number of areas, the consideration of investment opportunities available in the two countries, the expansion and diversification of existing cooperation between Cairo and Doha, as well as the improvement of economic relations. .

Source: RT

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