CAIRO: Egypt’s chief on Saturday mentioned power and funding with Qatar’s Amir, who was once in Cairo for the primary time for the reason that international locations restored family members following a Saudi-led rift. Amir Sheikh Tamim bin Hamad Al-Thani instructed President Abdel Fattah Al-Sisi that his nation was once prepared to “maximize Qatari investments in Egypt and profit from the huge funding alternatives to be had”, in keeping with an Egyptian presidency commentary.
The pair mentioned creating cooperation “in more than a few fields, particularly within the power and agriculture sectors”, and in business and funding, “in particular the glide of Qatari investments in opposition to Egypt”, the commentary added. In past due March, Cairo stated the gas-rich Gulf state can be making an investment $5 billion in Egypt. On the identical time, Qatari hydrocarbon large QatarEnergy introduced an settlement with ExxonMobil to obtain a 40 % stake in a gasoline exploration block off Egypt within the Mediterranean.
No new agreements have been introduced right through the Amir’s two-day travel, which concluded Saturday and was once his first to Cairo since 2015. After family members between Egypt and Qatar have been restored in January 2021, Sisi and the Qatari Amir had simplest met two times, each occasions at the sidelines of summits in a foreign country. Egypt had joined Saudi Arabia and its Gulf allies the United Arab Emirates and Bahrain in breaking off family members with Qatar in June 2017.
In line with Egyptian presidency, the emir additionally “praised Egypt’s ongoing efforts on reconstruction within the Gaza Strip”. Doha and Cairo – key US allies within the Heart East – have each supplied reconstruction assist to the territory and feature been concerned with mediation efforts between the Zionist entity and the Gaza Strip’s Islamist rulers Hamas. The 2 leaders additionally welcomed subsequent month’s Gulf Cooperation Council summit in Saudi Arabia that can also be attended through the leaders of Egypt, Jordan, Iraq and the United States, the presidency commentary stated.
The Amir’s discuss with comes simply days after Saudi crown prince Mohammed bin Salman this week performed a regional excursion taking in Egypt, Jordan and Turkey. Saudi and Egyptian corporations signed agreements price a complete of $7.7 billion right through the discuss with, state media in each international locations stated. – AFP