Egypt, Qatar agree on 5-bln-USD investment package: gov't statement-Xinhua

Egypt, Qatar agree on 5-bln-USD investment package: gov't statement

Source: Xinhua

Editor: huaxia

2022-03-29 20:47:48

CAIRO, March 29 (Xinhua) -- Egypt and Qatar have agreed on a package of investment worth 5 billion U.S. dollars in the North African country, the Egyptian government said in a statement on Tuesday.

Egyptian Prime Minister Mostafa Madbouly and visiting Qatari Foreign Minister Sheikh Mohammed bin Abdulrahman Al-Thani and Finance Minister Ali bin Ahmed Al Kuwari discussed means of promoting bilateral ties and enhancing coordination in different fields, according to the statement.

On Monday, Egypt and Qatar announced the establishment of a joint committee headed by their foreign ministers to boost cooperation and coordination in all fields.

"A wide horizon of the relations between Qatar and Egypt is seen in boosting economic partnership and communication between the two countries at all levels," the Qatari foreign minister said.

In January 2021, the Arab quartet of Egypt, Saudi Arabia, the United Arab Emirates, and Bahrain signed the Al-Ula Declaration with Qatar during the 41st Gulf Cooperation Council Summit held in Saudi Arabia, ending their all-round boycott of Doha since mid-2017.