Doha: As part of the ongoing high-level exchanges between the two countries, HE Prime Minister and Minister of Foreign Affairs Sheikh Mohammed bin Abdulrahman bin Jassim Al-Thani has made several visits to Egypt, including a visit in March 2022 and again in November 2024. In turn, HE Prime Minister of the Arab Republic of Egypt, Dr. Mostafa Madbouly, paid an official visit to Qatar in February 2023 and returned to Doha in December to participate in the 2024 Doha Forum.
According to Qatar News Agency, in March last year, Doha hosted the fifth session of the Qatar-Egypt Joint Supreme Committee. The session reviewed the growing cooperation between the two nations and explored ways to further develop their ties, particularly in the areas of trade, investment, diplomacy, social affairs, education, youth, and sports. In this regard, both sides reaffirmed their shared commitment to strengthening bilateral relations in a way that also contributes to broader Arab cooperation.
The discussions also addressed the latest developments in Gaza and the occupied Palestinian territories, with both sides emphasizing the urgency of reaching an immediate ceasefire, ensuring the protection of civilians under siege, and guaranteeing the uninterrupted delivery of humanitarian aid into Gaza. During the session, a number of memoranda of understanding and executive cooperation programs were signed between the two sides in areas such as investment, diplomacy, social affairs, public education, youth, and sports.
Qatar-Egypt relations have seen significant progress on the economic front over the past three years, particularly in the area of investment which helped boost bilateral trade and expand mutual investments. The volume of trade between the two countries rose to approximately USD 1.2 billion in 2024, up from USD 890 million in 2022. This growth is attributed to several factors, including streamlined investment procedures, removal of customs barriers, and strengthened collaboration on joint projects.
There has also been a flurry of activity in mutual visits by trade and economic delegations between the two countries, with a strong focus on enhancing investment cooperation, particularly in sectors such as tourism, healthcare, real estate, oil, and gas. Multiple Egyptian delegations visiting Doha briefed Qatari business leaders on Egypt's ongoing economic renaissance and its landmark development projects, including New Administrative Capital, new ports, and expansive road networks, as well as the range of incentives offered to foreign investors.
In turn, the Qatari business sector invited Egyptian companies and investors to explore investment opportunities in Qatar, which has emerged as a leading investment destination both regionally and globally. This position is underpinned by a progressive legal and administrative framework that allows 100% foreign ownership across a wide range of economic and commercial activities.
There are approximately 261 Qatari companies operating in Egypt, with Qatari investments totaling USD 2.165 billion. Of this, USD 249 million is in the tourism sector, around USD 208 million in construction, and about USD 36 million in the industrial sector. In March 2022, Qatar announced investments worth USD 5 billion on the sidelines of the visit of HE Prime Minister and Minister of Foreign Affairs Sheikh Mohammed bin Abdulrahman bin Jassim Al-Thani to Cairo.
Several Egyptian companies are actively operating in the Qatari market, while Qatar also maintains significant investments in Egypt. Notably, Qatar Investment Authority holds investments estimated at around USD 3.317 billion in resorts and tourism projects within Egypt. Reflecting the deep-rooted fraternal ties between the State of Qatar and the Arab Republic of Egypt, Doha hosted the Egyptian Cultural Week in January 2025, showcasing a wide array of creative expressions from visual arts and music to traditional crafts, folklore performances, and cultural exhibitions.