Egypt, Qatar to collaborate on major north coast real estate project

Egypt, Qatar to collaborate on major north coast real estate project
ARISH, EGYPT - OCTOBER 25: A general view of a Water well on Al-Arish beach in North Sinai on October 25, 2024 in Arish, Egypt.(Photo by Ali Moustafa/Getty Images)

Egypt and Qatar plan to collaborate on a "very important" real estate project on Egypt’s north coast, Prime Minister Mostafa Madbouly announced Wednesday, per a cabinet statement.

The announcement followed Qatar’s Prime Minister Sheikh Mohammed bin Abdulrahman Al Thani’s visit to Egypt, where he met President Abdel Fattah al-Sisi and the foreign minister.

Qatar’s interest in north coast tourism investments was welcomed, though the Qatar Investment Authority declined immediate comment.

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