Copyright qna
Doha, November 3 (QNA) - HE Prime Minister of the Arab Republic of Egypt, Dr. Mostafa Madbouly, has affirmed his country's keen interest in supporting and strengthening joint cooperation with the State of Qatar in various fields, particularly with regard to investments. He noted the agreement between the political leadership of both countries to expand the frameworks of cooperation between the two sides. This came during the Egyptian Prime Minister and his accompanying delegation's meeting on Monday with members of the Qatari Businessmen Association (QBA), headed by HE Sheikh Faisal bin Qassim Al-Thani. At the beginning of the meeting, HE Dr. Mostafa Madbouly affirmed Egypt's commitment to strengthening and deepening joint cooperation in various fields, particularly in attracting Qatari investments across multiple sectors in Egypt. He emphasized the alignment between the political leaderships of both countries on expanding frameworks of cooperation. The Prime Minister expressed his aspiration to build on the momentum of engagement between the two sides to implement the visions and proposals discussed, highlighting the abundance of promising investment opportunities that Egypt seeks to explore with its Qatari counterparts. Dr. Madbouly noted that Egypt's economy grew by 5 percent in the last quarter of the previous year, driven primarily by growth in the services sector. He stressed that the Egyptian economy remains stable and has successfully overcome many challenges despite regional conditions. He further stated that 2026 is expected to be a strong year in terms of investments and economic growth, as the Ministry of Investment continues to actively remove obstacles and resolve investor challenges under the direct supervision of the Prime Minister. He invited Qatari businessmen to expand their investments in Egypt, expressing his personal readiness to receive any Qatari investor wishing to enter the Egyptian market and to ensure all difficulties are resolved. Dr. Madbouly also announced that a major Qatari investment package - to be launched soon by the Qatar Investment Authority - will focus on the tourism sector along Egypt's North Coast. For his part, HE QBA Chairman Sheikh Faisal bin Qassim Al-Thani affirmed that Egypt is a key destination for Qatari investors and businessmen. He stated: "We already have significant investments in Egypt, and, as Qatari businessmen, we look forward to expanding our private investments. The Egyptian market is attractive, with strong purchasing power, and we will be studying the potential investment opportunities in the coming period." Sheikh Faisal also emphasized that Egypt's advanced infrastructure - developed over recent years- creates a highly encouraging environment for Qatari investors, noting the presence of real opportunities for joint private sector ventures. HE QBA Deputy Chairman Sheikh Dr. Khalid bin Thani Al-Thani noted that Qatari businessmen already have existing investments in Egypt across a wide range of sectors. He outlined several new investment opportunities, particularly in construction and healthcare, and highlighted that returns on investment in Egypt remain positive. He also stressed the importance of the Golden License, which will facilitate the establishment of real projects by Qatari investors in Egypt. During the meeting, QBA presented an overview of Qatar's economic indicators and the capabilities of its members in both domestic and international investments across nearly all economic sectors. The presentation highlighted the key features of Qatar's economy and its investor-friendly business environment, as the country aims to attract USD 100 billion in foreign direct investment by 2030 under its national vision. It also reviewed Qatar's upcoming major projects aligned with the national strategy in the fields of energy, tourism, technology, and logistics, which offer significant opportunities for collaboration between the private sectors of both nations. (QNA)
