Prime Ministers Mustafa Madbouli of Egypt and Mohammed bin Abdel Rahman bin Jassim Al Thani of Qatar co-chaired a meeting to discuss strengthening bilateral cooperation across various sectors.
The meeting, held at the Council of Ministers headquarters in Egypt’s New Administrative Capital, focused on boosting trade, investment, and joint projects.
Madbouli expressed appreciation for the Qatari Prime Minister’s visit, highlighting the two countries’ commitment to increased communication and coordination on regional matters. He emphasized building upon the progress in political, economic, and investment relations. “Welcome to Egypt, your second home,” Madbouli said. “We are delighted to host you at the Council of Ministers in the New Administrative Capital.”
Both sides expressed a desire to improve trade exchange rates, with Madbouli assuring cooperation with Qatari authorities to achieve this goal. He highlighted Qatari interest in manufacturing collaborations and presented Egypt’s diverse industrial investment opportunities. He proposed using Egypt as a gateway to the African market and countries with free trade agreements.
Madbouli reiterated Egypt’s dedication to the Egypt-Qatar Investment Forum, the first session of which took place in Cairo last November. He expressed hope for another session in the first quarter of 2025.
Al Thani expressed gratitude for the warm welcome. He commended Madbouli’s comments on strengthening bilateral ties and investment opportunities, reaffirming Qatar’s commitment to enhanced cooperation. He underscored Qatar’s intention to strengthen investment cooperation with Egypt in various sectors, mentioning the success of Qatari real estate companies in Egypt and opportunities to significantly increase trade exchange rates. He instructed relevant Qatari government agencies to establish targets for increased trade and confirmed ongoing collaboration with Qatari investors in Egypt’s industrial sector. He further discussed potential cooperation on humanitarian efforts in Gaza.
Source: Daily News Egypt
