What is the secret that made the northern coast of Egypt a destination for Arab investments? What makes Qatar think now that it is pumping billions of dollars in investments there? Is this just a coincidence or is there a bigger, deeper plan taking shape? So, what might happen when the Qatari giant unites with the Egyptian giant in areas such as ports and logistics areas? Will this change the investment map in the region?
According to leaks obtained by Banker Egypt and Qatar, there are strong discussions to develop investment cooperation, especially in huge projects on the North Coast. This is not strange when you know that the North Coast has become one of the most important centers of investment attraction in the Middle East.
Prime Minister Dr. Mostafa Madbouly recently announced that there is a direct request from the Qatari side to invest in the tourism and hospitality sectors in this region. The Egyptian government, in turn, very welcomed this desire and confirmed its readiness to support cooperation as soon as possible.
But the issue is not just tourism. There are major negotiations surrounding the development of Egyptian ports and the establishment of advanced logistics areas. The Qatari side has shown a clear interest in investing in these areas as part of its plan to expand the global logistics infrastructure.
Also, do not forget that Egypt has begun to offer huge opportunities in the New Administrative Capital and Greater Cairo, whether in the real estate or tourism sector. These are places that represent the future of investment in Egypt and Qatar. You will not let these opportunities pass by without being a part of them.
Why now? Meaning, why does Qatar think that now is a good time for investment?
The answer may lie in the economic developments that took place in Egypt recently. Liberalization of the exchange rate opened the door to new foreign investments. This led international and Arab companies to take bold steps to acquire huge projects such as the “Ras El Hekma” project, which the UAE entered into with investments of $35 billion.
Qatar is not the only one that sees these opportunities. Saudi Arabia, for example, announced investments worth $5 billion in Egypt and is planning projects worth between $10 and $15 billion in the near future. The competition between the Gulf countries for investment in Egypt is strong evidence of the importance of the Egyptian market as an economic hub in the region.
The real question is: What will happen when Qatari investments enter strongly into these vital sectors? Will we see a new boom in port projects and logistics areas? Will Egyptian-Qatari cooperation change the equations of the economic game in the entire region?
Let us see what will happen in the coming days and what impact Qatari and Gulf investments will have on the market.
