After Saudi Arabia.. Mutual investment fund between Egypt and Qatar

  Dr. Hala Al-Saeed, Minister of Planning, said that Egypt is seeking to establish a joint investment fund with Qatar to attract the investments that Qatar plans to inject into Egypt.

Qatar investment fund 

The establishment of the Qatar Investment Fund comes similar to the launch of the Saudi Egyptian Investment Company, which was launched by the Saudi Public Investment Fund in August 2022.

These steps from the gas-rich Gulf state, aim of investing in a number of sectors in Egypt, as it is one of the most important strategic economic markets in Africa.

Qatar is looking to increase its investments in Egypt, After the two countries signed an agreement to abolish double taxation.

Egypt seeks to attract foreign investments from the Gulf countries and foreign investors to help revive the economy.

Qatar Sovereign Fund

The Qatar Sovereign Fund will be a partner in entering into a number of investments in various fields during the coming period, In addition to theses of 32 Egyptian companies on the stock exchange, they were on the table of the Egyptian-Qatari dialogue

Financing gap

The International Monetary Fund said last January, securing access to Gulf financing is essential" for Egypt, to bridge the financing gap of about $17 billion in the next few years.

In these side, Dr. Mustafa Madbouly, Prime Minister, said that There are no legal restrictions in Egypt that limit the exit of returns to any investor in Egypt, and that the Egyptian state does not place any obstacle to the entry and exit of investors' profits.

160 Qatari companies operating in Egypt

For his side, Ambassador Nader Saad, spokesman for the Council of Ministers, revealed that there are 160 Qatari companies operating in Egypt, With investments of more than $2 billion.

It must be clarified that There are no problems between Egypt and any country in the region now. Egypt's policy enjoys a great deal of political dynamism, and the presence of Egyptian delegations in Turkey, Qatar and Syria demonstrates Egypt's active role now in the region.