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Asharq Al-Awsat

Business

Asharq Al-Awsat

Egypt, Qatar Sign $5 Billion in Investment Deals

Egypt Qatar Cairo Red Sea Ukraine

A general view of buildings by the Nile River in Cairo, Egypt July 2, 2019. REUTERS/Mohamed Abd El Ghany

Egypt and Qatar have agreed to sign investment deals worth $5 billion, the Egyptian cabinet said in a statement on Tuesday.

The cabinet gave no details of the investments and partnerships, announced during a visit to Cairo by the Qatari ministers of foreign affairs and finance, saying only that they would be for the “coming period.”

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