CAIRO - 27 November 2024: Egyptian Prime Minister Mostafa Madbouly announced on Wednesday that Egypt and Qatar will collaborate on a significant real estate investment project in the country's North Coast region. The project is expected to be a major boost to Egypt's tourism and real estate sectors.
The announcement came after high-level talks between Egyptian and Qatari officials, where both sides expressed their commitment to strengthening economic ties. The joint real estate venture is just one aspect of a broader partnership that aims to increase trade, investment, and cooperation in various sectors.
Further details about the specific nature and scale of the project are yet to be disclosed. However, the collaboration between the two countries is seen as a strategic move to capitalize on the growing potential of Egypt's North Coast as a prime destination for tourism and real estate development.
Separately, Egyptian Prime Minister Mostafa Madbouly and his Qatari counterpart met today for extensive talks aimed at strengthening bilateral cooperation. Both sides emphasized their shared desire to increase trade and investment between the two countries.
Madbouly highlighted the mutual interest in boosting trade volumes, while the Qatari Prime Minister expressed his country's commitment to expanding investment opportunities in Egypt across various sectors.
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