{"id":23248,"date":"2025-11-06T09:07:10","date_gmt":"2025-11-06T09:07:10","guid":{"rendered":"http:\/\/tezgyan.com\/index.php\/2025\/11\/06\/qatar-to-invest-3-5-billion-in-egypts-mediterranean-resort-project\/"},"modified":"2025-11-06T09:07:10","modified_gmt":"2025-11-06T09:07:10","slug":"qatar-to-invest-3-5-billion-in-egypts-mediterranean-resort-project","status":"publish","type":"post","link":"https:\/\/tezgyan.com\/index.php\/2025\/11\/06\/qatar-to-invest-3-5-billion-in-egypts-mediterranean-resort-project\/","title":{"rendered":"Qatar to invest $3.5 billion in Egypt’s Mediterranean resort project"},"content":{"rendered":"


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A Qatari state-owned real estate company will make a $3.5 billion cash investment in Egypt, according to people familiar with the matter, in the latest Gulf backing for the North African economy.<\/p>\n

Qatari Diar, a unit of the sovereign wealth fund, will announce the investment in a project on Egypt\u2019s Mediterranean coastline on Thursday, said the people, who asked not to be named discussing private matters.<\/p>\n

The focus will be developing tourism sites, other real estate projects and golf courses, with the aim of attracting regional and international visitors, according to the people.<\/p>\n

\nAlso read |<\/strong>\u00a0Egypt unveils $1 billion grand museum as \u2018gift to the world\u2019<\/a><\/p>\n

Qatari Diar has also committed to an in-kind investment of about $26 billion, they said, without giving a timeframe. The project will cover 7.2 kilometers (4.5 miles) in the Alam Al-Roum area of Egypt\u2019s northern coastline.<\/p>\n

It\u2019s the latest in a string on big-ticket foreign investments in Egypt since early last year, when the United Arab Emirates and International Monetary Fund led a $57 billion bailout to help the Middle East\u2019s most populous nation overcome its worst economic crisis in years.<\/p>\n

Egyptian dollar bonds extended their advances after the news. The country\u2019s February 2061 note rose more than 1 cent on the dollar, with its yield dropping around 12 basis points to 9.26%. Nine of Egypt\u2019s bonds were among the top 20 gainers in the Bloomberg EM Sovereign Total Return Index.<\/p>\n

Also read |\u00a0<\/strong>Egypt hopes vast new museum by the Pyramids will accelerate tourism revival<\/a><\/p>\n

The UAE\u2019s mammoth $35 billion investment included a broadly similar deal to develop Ras El-Hekma, a nearby headland on the Mediterranean that\u2019s three times the size of Manhattan.<\/p>\n

As its two-year foreign-currency shortage fades, Egypt is pushing on with efforts to attract more large-scale foreign direct investment while pledging to empower the private sector. Both are key elements of an expanded $8 billion IMF deal.<\/p>\n

Bloomberg in June reported Qatar and Egypt were in advanced talks on a Mediterranean development deal as part of a previously announced $7.5 billion investment package.<\/p>\n

Egypt\u2019s north coast, whose golden beaches have long made it a favorite with wealthier Egyptians in the summers, is assuming an ever-greater role in the country\u2019s plans to super-charge foreign tourism and reach 30 million annual visitors by 2031.<\/p>\n

Read More: Egypt Unveils $1 Billion Grand Museum as a \u2018Gift to the World\u2019<\/p>\n

The IMF has delayed and combined the last two reviews of its Egyptian program, waiting for authorities to show more progress in its pledges to sell off national assets and roll back the state\u2019s economic footprint.<\/p>\n

A Qatari deal would be a significant assurance, likely easing the way to a staff-level agreement and the eventual disbursement of $2.5 billion in IMF loan tranches. In 2024, the UAE deal was swiftly followed by the crucial IMF agreement.<\/p>\n<\/div>\n

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(Edited by : Jerome Anthony)<\/span><\/p>\n<\/div>\n<\/div>\n


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Source link <\/a><\/p>\n","protected":false},"excerpt":{"rendered":"

A Qatari state-owned real estate company will make a $3.5 billion cash investment in Egypt, according to people familiar with the matter, in the latest Gulf backing for the North African economy. Qatari Diar, a unit of the sovereign wealth fund, will announce the investment in a project on Egypt\u2019s Mediterranean coastline on Thursday, said…<\/p>\n","protected":false},"author":1,"featured_media":23249,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[47],"tags":[],"class_list":["post-23248","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-travel"],"_links":{"self":[{"href":"https:\/\/tezgyan.com\/index.php\/wp-json\/wp\/v2\/posts\/23248","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/tezgyan.com\/index.php\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/tezgyan.com\/index.php\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/tezgyan.com\/index.php\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/tezgyan.com\/index.php\/wp-json\/wp\/v2\/comments?post=23248"}],"version-history":[{"count":0,"href":"https:\/\/tezgyan.com\/index.php\/wp-json\/wp\/v2\/posts\/23248\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/tezgyan.com\/index.php\/wp-json\/wp\/v2\/media\/23249"}],"wp:attachment":[{"href":"https:\/\/tezgyan.com\/index.php\/wp-json\/wp\/v2\/media?parent=23248"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/tezgyan.com\/index.php\/wp-json\/wp\/v2\/categories?post=23248"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/tezgyan.com\/index.php\/wp-json\/wp\/v2\/tags?post=23248"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}