Qatari Finance Minister highlights Egypt as prime candidate for investments among emerging economies
Al Kuwari emphasized the considerable opportunities available in emerging markets, both on a global scale and within the region.
He specifically pointed to Egypt, emphasizing its strong potential for investment. He also mentioned that other North African countries, such as Morocco, are also attractive options for investment.
The finance minister stressed that Qatar's investment decisions are primarily driven by commercial considerations, explaining that the focus is on ensuring a return on investment, and that Qatar regularly reviews its investment strategies, making adjustments as needed.
Deputy Prime Minister for Industrial Development and Minister of Industry and Transport, Kamel Al-Wazir, met with Qatari and Bahraini officials last week to discuss ways to enhance economic cooperation and attract more investment into Egypt's industrial and transport sectors.
Al-Wazir also engaged with the Qatar Chamber of Commerce and Industry, where he encouraged Qatari investors to expand their presence in Egypt's industrial sector.
He highlighted several opportunities for collaboration, such as establishing joint ventures with Egyptian manufacturers or setting up fully Qatari-owned factories.
The strengthening of economic ties between Egypt and Qatar has been reflected in a significant agreement for $5 billion worth of investments and partnerships in Egypt, not including investments from the Qatar Investment Authority, with an estimated $3.317 billion set for resorts and tourism projects in Egypt.
Trade between the two countries has increased notably, with the total volume of trade rising by 38 percent last year, reaching approximately QAR 746 million, up from QAR 540 million in 2023.
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