Egypt, Qatar strengthen economic cooperation, target growth in trade, real estate, tourism sectors

CAIRO - 27 November 2024: Egypt and Qatar recently held a high-level meeting to discuss ways to enhance economic and investment cooperation, focusing on key sectors such as trade, real estate, manufacturing, tourism, and technology.

 

The discussions highlighted Egypt’s willingness to support Qatari investments, particularly in the North Coast, where opportunities in real estate development were emphasized. Qatari firms were identified as potential key partners for expanding Egypt’s growing property market. The Egyptian government also presented opportunities for joint ventures in other regions, including collaborations with Egyptian construction firms active in Africa.

 

Trade and industrial partnerships were a major agenda item, with both countries exploring ways to increase bilateral trade volumes. Manufacturing was identified as a critical area for collaboration, with Egypt offering a wide range of investment opportunities in its industrial sector. The talks underscored the potential for Egypt to export products to African markets and other regions with which it has free trade agreements, benefiting both economies.

 

Tourism and hospitality investments were also discussed, with Egypt showcasing opportunities in the North Coast, Greater Cairo, and the New Administrative Capital. The government outlined available projects for acquisition or partnership with private sector firms. Qatar expressed strong interest in these opportunities, supported by Egypt’s well-developed infrastructure and growing tourism market.

 

In the technology sector, the discussions explored investments in data centres and logistics facilities, with Egypt highlighting specific projects in New Alamein and Greater Cairo, which offer strategic locations and access to energy resources.

 

The meeting concluded with the decision to establish a joint task force to accelerate the implementation of the projects and agreements discussed. Both governments reaffirmed their commitment to strengthening bilateral relations through concrete actions in the economic and investment sectors.