Egypt and Qatar Discuss $7.5 Billion Investment Package, Reaffirm Rejection of Palestinian Displacement
Edited By: Widad WAHBI
Egyptian Prime Minister Mostafa Madbouly and his Qatari counterpart, Sheikh Mohammed bin Abdulrahman Al-Thani, held talks on Thursday in New Alamein, focusing on strengthening bilateral ties, advancing joint economic initiatives, and coordinating mediation efforts to end the war in Gaza.
During the meeting, the two leaders reaffirmed their categorical rejection of any attempts to forcibly displace the Palestinian people from their land, describing such efforts as a grave violation of international law. They stressed the urgency of reaching an immediate ceasefire in Gaza, in coordination with the United States, to allow humanitarian aid to flow into the enclave.
On the economic front, discussions centered on activating the $7.5 billion Qatari investment package announced during President Abdel Fattah El-Sisi’s visit to Doha in April. Madbouly emphasized Egypt’s commitment to creating a favorable investment climate, strengthening ties with Qatari businesses, and facilitating procedures to boost investor confidence.
The prime ministers welcomed the progress in Egyptian-Qatari relations in recent years across political, economic, and investment domains. They also highlighted the importance of convening the Egyptian-Qatari Joint Higher Committee as a platform to expand cooperation in trade, commerce, and development.
Egypt and Qatar, bound by both shared interests and humanitarian concerns, have been working side by side over the past two years to mediate an end to the ongoing war in Gaza, which has claimed nearly 63,000 lives, according to local health authorities.
