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Egypt, Qatar Boost Relations through Commerce, Industry

Egypt, Qatar Boost Relations through Commerce, Industry

Tuesday, 21 June, 2022 - 06:15
The Egyptian Minister of Commerce and Industry and her Qatari counterpart meet in Doha. (Egyptian government)

Egyptian Minister of Commerce and Industry, Nevine Gamea held talks in Doha on Monday with Qatari Minister of State and Chairman of the Board of Directors of the Free Zones Authority Ahmed al-Sayed.

The meeting addressed investment opportunities, their advantages, and ways to enhance cooperation between the two sides.

Gamea said in a statement that the meeting underscored the political support to push the economic and trade relations between the two countries to higher levels.

She invited her Qatari counterpart to visit Cairo to discuss opportunities and possibilities of cooperation in developing free zones and increasing investments.

In January 2021, Saudi Arabia hosted the signing of the AlUla Agreement to end the dispute between Riyadh, Cairo, Manama, and Abu Dhabi, with Doha after nearly four years of severed ties.

Gamea announced that she had agreed with her Qatari counterpart, Mohammed bin Hamad bin Jassim Al Thani, to restructure the Egyptian-Qatari Joint Business Council.

She said her meetings in Doha addressed cooperation between the two countries in entrepreneurship, exchanging experiences, and sharing the successful skills in this field.

She noted that the meeting also agreed on the importance of reviewing trade and economic agreements between the two countries, in line with regional and global economic developments.

She reviewed the Egyptian experience in establishing and managing industrial complexes. Egypt boasts 17 industrial complexes in 15 governorates covering all productive sectors.

For his part, the Qatari Minister of State stressed the importance of strengthening cooperation between Qatar and Egypt in various economic fields, especially the free zone sector.

He called for seizing the great opportunities and potentials of the two countries, pointing to the vital role of the Qatar Free Zones Authority, which has a capital of $1 billion, in developing free zones and enabling private sector projects in the country.

Gamea later held a meeting with the head of the Qatar Investment Authority, Mansoor bin Ebrahim.

They reviewed various projects, and investment opportunities in Egypt and ways to benefit from the Authority’s programs in financing new projects in Egypt.

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