Qatar to invest $5 billion in Egypt as ties improve
CAIRO (AP) — Officials say Qatar will invest $5 billion in Egypt signaling an increasing improvement in ties between the two nations.
The announcement Tuesday came as Qatar Foreign Minister Mohammad bin Abdulrahman Al Thani wrapped up a visit to the Egyptian capital of Cairo, where he met with Egyptian President Abdel Fattah el-Sissi and other government officials.
An Egyptian statement says the $5 billion package is meant to “strengthen economic and investment cooperation between the two brotherly countries.”
The statement didn’t provide further details, including a timeframe for the investments. Qatar’s state-run news agency also reported the development.
