Qatar Increases Commitment to Egypt

 

Qatar commits to major Egyptian investment.

Qatar is pulling out all of the stops to support Egypt’s economy, post Arab Spring. Qatar’s prime minister Sheikh Hamad Bin Jassem Al Thani said that in addition to loans and bond issues Qatar is prepared to invest as much as $10 billion in the Egyptian economy. Qatar has already invested $500 million in Egypt after foreign investment and tourism crashed in the country post Arab Spring. Qatari officials deny that they are seeking a political role in Egypt in exchange for the investment.