Egypt & Qatar Announce USD 7.5 Billion Investment Agreement

Egypt and Qatar have signed an investment agreement worth USD 7.5 billion, focused on infrastructure, development, and reconstruction efforts in the Gaza Strip. The deal was announced during Qatari Emir Sheikh Tamim bin Hamad Al Thani’s visit to Cairo on April 14th, marking a renewed phase in economic cooperation between the two countries.

The agreement includes the creation of a joint strategic investment platform between the two nations. Although specific sectors have not yet been publicly disclosed, the deal is expected to include large-scale projects in construction, energy, and logistics, alongside a portion of the funding earmarked for Gaza’s rebuilding efforts.

The Egyptian Cabinet confirmed that the investment package includes direct support for Egypt’s economy, which has faced recent currency volatility and inflation pressures. The initiative is also viewed as part of broader regional efforts to promote stability and post-conflict reconstruction in Gaza, which continues to face humanitarian challenges amid the ongoing war.

This latest development follows a series of major investment announcements from Gulf states, as Egypt works to attract foreign capital and stabilise its economy. In 2024, Egypt secured USD 35 billion in deals with the UAE, including the Ras El Hekma development project on the North Coast.