At the outset, Mr Madbouly emphasised the mutual confidence underpinning the investment plan and highlighted Cairo’s commitment to implementing meaningful reforms to draw in Qatari financiers. The announcement of forthcoming specific project details was confirmed by Foreign Minister Badr Abdelatty, who spoke at a joint press conference alongside Sheikh Mohammed, promising they would be unveiled in the "coming weeks".
Egypt’s economic strategy in this session clearly builds upon its earlier $35 billion agreement with the United Arab Emirates for the development of Ras El Hekma, which marked a substantial financial boost for the country. Trade between Egypt and Qatar has surged, increasing by more than half over the past year, an indicator of escalating bilateral engagement.
Sectoral discussions at the meeting pinpointed agriculture, real estate, tourism and hospitality as key areas of interest. The two governments also agreed new accords covering social insurance and agricultural co‑operation, signed under the auspices of the Egyptian‑Qatari Joint Higher Committee.
Parallel to economic matters, the meeting also addressed the pressing regional challenge of the conflict in Gaza. Both sides reaffirmed their commitment to mediation efforts, advocating for a ceasefire, the safe release of hostages and unimpeded humanitarian access. Sheikh Mohammed praised Egypt's ongoing humanitarian coordination and reiterated Qatar’s resolve to support Palestinian civilians. Minister Abdelatty echoed these sentiments with calls for immediate alleviation of suffering in the besieged enclave.
The discussions signalled not only a deepening economic alliance, but also an expanded diplomatic alignment. Sheikh Mohammed described the atmosphere of cooperation as a "qualitative leap" in bilateral relations, while Mr Madbouly framed the initiative as reflective of growing faith in Egypt’s reform trajectory.
In parallel with the diplomatic meetings, Egypt is advancing development in the broader region. Just a day before, Cairo moved forward with a $220 million solar energy project in the Suez Canal Economic Zone, involving UAE, Bahraini and Chinese backing, aimed at ramping up local green energy production.
Topics
Qatar