Home Asia Egypt holds parleys with Qatar for investment; many areas identified for investment

Egypt holds parleys with Qatar for investment; many areas identified for investment

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Egypt’s Chairman of the General Authority for Free Zones and Investment (GAFI) Mohamed Abdel Wahab held a series of meetings in Qatar recently to discuss new projects as well as the progress of the existing ones.

Abdel Wahab briefed the Chairman of Qatar’s National Committee on Trade Sheikh Khalifa Bin Gassem al-Thani and members the opportunities available for investment in various sectors and invited investments from Qatar.

GAFI chairman also met with the CEO of Al Diyar Group Abdallah Bin Hamad al-Attiyah to apprise him about opportunities for investment in the hospitality enterprises in Hurghada and Sharm El Sheikh.

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The Qatari company’s CEO showcased the recent launching of the first phase of the City Gate residential compound in eastern Cairo, offering 24,000 housing units. The other prominent projects of the company in Egypt include New Giza spanning over 1,500 feddans (one feddan equals 4,500 square meters) in western Cairo, and St. Regis Hotel has 515 rooms/suites. The visiting dignitary also met

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