Qatar-Egypt bilateral relations enter new era: Ambassador

Qatar and Egypt have entered a new era of bilateral relations, enhancing cooperation in areas that matter to both countries, said Egyptian Ambassador HE Amr El Sherbini.

Addressing a press conference ahead of Egypt’s National Day, celebrated yesterday, the Ambassador said there was a lot of movement and a mutual desire between the two sides to further strengthen bilateral relations.

El Sherbini said His Highness the Amir’s visit to Egypt is an important step towards the development of bilateral relations in various fields.

“Bilateral relations between Qatar and Egypt are long-standing and based on cooperation, mutual respect and understanding. And now, we are in a new era of these relations, an era which is witnessing rapid and rapid development as evidenced by several bilateral visits between the two countries by high officials.

“Both sides have shown strong aspirations to further improve the level of bilateral relations and reach for broader horizons,” El Sherbini said.

He added that Qatar and Egypt are making progress in improving relations in investment, trade relations and joint consultations on regional issues, maritime transport, environment-friendly projects, culture and the sports.

Talking about investment opportunities, El Sherbini said that Egypt posted an economic growth of 5.9% and offers a favorable environment. He said both the government and the private sector have shown interest in investing in the Egyptian market.

The majority of Qatari investments are in sectors such as oil, financial markets, real estate and hospitality, El Sherbini said.

“Qatar is the 10th largest country investing in Egypt. A total of 231 Qatari companies have invested in the Egyptian market with a capital of 4.6 billion dollars. Many key private companies in Qatar have also started buying shares in Egyptian companies,” he said.

El Sherbini also said that Egypt is very interested in Qatar’s transition to modern and environmentally friendly means of transport.

“Environmentally friendly projects, in particular, are a priority for Qatar and Egypt, so we are exploring ways to undertake in the green economy and green hydrogen as well as environmentally friendly electric buses. environment,” he said, declaring that Egypt was hosting UN COP 27. The climate change conference in November in the city of Sharm El Sheikh will be an opportunity for more environment-related collaborations.

Calling the fields of sports and culture “soft powers in bilateral relations”, El Sherbini said that these fields will further strengthen people-to-people relations in the two countries.

About the FIFA World Cup Qatar 2022, he said: “We are happy to see Qatar hosting the World Cup, and it would be an achievement not only for Qatar but for the whole Arab world. . The success of Qatar 2022 will be for all Arabs.

“Although Egypt were unable to make it to the FIFA World Cup Qatar 2022, we hope to bring our fans to join the great Egyptian community here for the tournament,” he said.

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