Egypt’s North Coast readies for fresh flow of Qatari investments

Egypt’s North Coast readies for fresh flow of Qatari investments

Qatar is reportedly in advanced talks with Egypt to invest $3.5 billion in the implementation of a major tourist project along Egypt's North Coast. If they proceed, the talks are likely to culminate in a deal later this year, according to media reports. They are part of the larger context of strengthening relations between Egypt and the Gulf state. In March 2022, Qatar announced a $5 billion investment in Egypt. In April of this year, it announc…