Qatar, Egypt discuss enhancing economic, investment cooperation

Qatar and Egypt engaged in discussions to develop a new strategy and work mechanism. The CEO of the General Authority for Investment and Free Zones (GAFI), Hossam Heiba met with Qatari Ambassador Tariq Ali Al Ansari in Cairo to explore avenues for increasing economic cooperation between the two countries.

 

During the meeting, the focus was on establishing cooperation mechanisms that would facilitate seamless economic integration. These mechanisms may involve the implementation of mutually beneficial projects within Egypt or the infusion of joint investments into emerging markets, particularly the African market.

 

The activation of the African Free Trade Area Agreement and Egypt's inclusion in BRICS added significance to this discussion, amplifying Egypt's trade and investment influence in Africa and other emerging economies.

 

Emphasizing the importance of ongoing communication, Heiba stressed the need to engage with Qatari companies already investing in Egypt, encouraging them to inject new investments and overcome any challenges they may encounter.