Qatar’s Emir Tamim bin Hamad Al Thani arrived to Cairo on Friday in a two-days visit that is the first since the famous Ula Reconciliation Declaration in January 2021 between Qatar and the Quartet countries (Egypt, Saudi Arabia , United Arabi Emirates and Bahrain).
Tamim was received warmly by Egypt’s President Abdel Fattah El-Sisi.
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Abdel Fattah El-Sisi receiving Tamim in Cairo on Friday "Egyptian Presidency" |
It is expected that on Saturday that they will hold talks and new business and economic agreements aka Qatari investments mostly will be announced just like in the case of Saudi Arabia and Emirates in the past four weeks. It is not a secret that in the economic crisis , Egyptian government did not hide that it needs direct foreign investments and our brothers are in the Gulf are going to help us.
In March 2022 , Egyptian and Qatari officials agreed on a package of USD 5 billion in investments and partnerships in Egypt. On Wednesday , Egypt and Qatar signed a MoU on financial policies coordination in Doha.
I expect that the talks will be about energy sector and it won’t be surprised that Qatar is interested in liquefying its gas in Egypt to export it to Europe just like Israel and EU’s deal last week. Already Algeria will be the second stop for Tamim’s tour. Other than being Arab countries , gas is the common factor between Egypt, Qatar and Algeria.