His Excellency Dr. Mohamed Farid Saleh, Minister of Investment and Foreign Trade of the Arab Republic of Egypt, confirmed that Egyptian-Qatari relations are witnessing great development at the political and economic levels, pointing to the growing opportunities for investment cooperation and productive and tourism integration between the two countries.
His Excellency said that the State of Qatar has succeeded, despite the difficult geopolitical circumstances the world is witnessing, in attracting this number of countries and participants, and providing the opportunity to exchange views and ideas on ways to increase rates of investment and trade, and discuss developments on the global scene.
He added that Egyptian-Qatari relations have witnessed remarkable development over the past period, pointing out that the establishment of the Alam al-Rum investment zone, in which Qatari Diar participates, represents one of the most prominent manifestations of this development.
He explained that the project includes large investments to develop the entire region, and not just purchase a plot of land, pointing out that the amount of cash investment associated with purchasing the land amounts to about 3.5 billion dollars.
His Excellency the Egyptian Minister of Investment and Foreign Trade pointed out that participation in the “Cityscape” real estate exhibition provided insight into the developments of the project, noting that the first phase witnessed progress in sales, and that about 40 percent of buyers of real estate units in the Alam Al-Rum area are from outside the Arab Republic of Egypt.
He said that the meetings held with a number of public and private sector companies, in addition to the official meetings, were characterized by positivity and reflected the common interest between the two countries in enhancing mutual investments and increasing rates of cooperation and productive integration.
His Excellency Dr. Mohamed Farid Saleh, Egyptian Minister of Investment and Foreign Trade, pointed out that there are opportunities to enhance cooperation in the tourism sector, through investments in tourism sectors that enjoy investment attractiveness, in a way that supports expanding areas of partnership between the two countries.