14-04-2025
Sisi invites Qatari investors to invest in Egypt, highlights 7 logistics hubs
EGYTrans Transport logistics cargo
CAIRO - 14 April 2025: President Abdel Fattah El-Sisi met today in Doha with representatives of the Qatari business community, in the presence of Sheikh Mohammed bin Abdulrahman Al Thani, the Qatari Prime Minister and Minister of Foreign Affairs, Ali bin Ahmed Al Kuwari, the Qatari Minister of Finance, Abdullah bin Hamad Al Attiyah, the Qatari Minister of Municipality, Dr. Ahmed bin Mohammed Al Sayed, Minister of State for Foreign Trade Affairs at the Qatari Ministry of Commerce and Industry, and Sheikh Khalifa bin Jassim Al Thani, Chairman of the Qatar Chamber of Commerce and Industry, along with representatives from the Qatar Chamber of Commerce and Industry and the Qatari Businessmen Association, and broad participation from major companies operating in the Qatari market.
The meeting witnessed an interactive dialogue between President El-Sisi and business leaders and representatives of major Qatari companies, focusing on ways to enhance trade and investment cooperation.
President El-Sisi emphasized that the Egyptian economy had gone through difficult periods in recent years, but the state had taken the necessary reform measures. He affirmed that there were no longer any issues with transferring returns in hard currency outside of Egypt for any investor. He added that the relevant state agencies were working to reduce procedures related to issuing licenses for investors and were implementing the one-stop-shop and golden license concepts.
President El-Sisi explained that the goal of increasing the number of tourists visiting Egypt annually from 16 to 30 million was achievable given Egypt's significant tourism potential.
President El-Sisi pointed out that the state had already established seven logistics hubs to connect the Red and Mediterranean Seas, including related ports linked by a robust road network. He invited Qatari investors to visit these hubs, emphasizing that there was a golden opportunity for them to invest in Egypt's logistics sector.
President El-Sisi added that the Egyptian state had prepared approximately 2 to 3 million acres for agricultural reclamation and was open to partnerships with investors, especially from Qatar, in this area. He also expressed Egypt's openness to partnering with Qatari investors in the automotive industry, particularly in electric vehicles, given Egypt's industrial infrastructure and large market.
