A “very important” Qatari real estate project on the North Coast is in the works, Prime Minister Mostafa Madbouly said in the meeting with Qatari Prime Minister Sheikh Mohammed bin Abdulrahman Al Thani during his visit to Egypt yesterday. “We are ready to hold these consultations immediately, which will contribute to the speedy implementation of the project as soon as possible,” was quoted as telling Al Thani in the statement, which provided no details on the size, cost, or timelines for the project.

The Gulf nation is also looking into investments into the North Coast’s tourism and hospitality sectors, according to Madbouly, who added that they will soon present Qatar with a list of relevant investments that may be of interest in Greater Cairo and the new capital.

Qatar is also interested in making logistic zone and port investments, with discussion on the topic currently ongoing. Data centers are also a point of investor interest for Qatar, according to Madbouly, who added that there are a list of projects in New Alamein and Greater Cairo ready to be offered.

Industry Minister Kamel El Wazir also floated the idea of establishing a Qatari industrial zone, and also welcomed investment into existing factories. El Wazir name-checked aluminum and iron as sectors ripe for cooperation.

Collaboration on construction projects in Africa is also in the cards, with Madbouly suggesting that two countries work together on projects in the continent. Qatar could also look to developing industrial partnerships in Egypt to use the country as base to export Africa and take advantage of the country’s existing free trade relationships with its African neighbours.

We may also soon see another round of the Egyptian-Qatari Investment Forum, with the prime minister saying that he’s looking to hold the next meet up in 1Q 2025.

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