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Qatari investments continued in Egypt despite political tensions

The Qatari Diar Company managed to open the St. Regis Hotel on the banks of the Nile River in Cairo, but the future of Qatari investments in the Egyptian market seems to be marred by tensions between the two countries.
Qatar's Minister of State for energy affairs Saad Sherida Al-Kaabi attends the 175th OPEC Conference of Organization of the Petroleum Exporting Countries (OPEC) in Vienna, Austria on December 6, 2018. (Photo by JOE KLAMAR / AFP)        (Photo credit should read JOE KLAMAR/AFP via Getty Images)

In late June, the St. Regis Hotel, owned by the Qatari Diar Company, opened its doors on the Nile Corniche in Cairo to guests, 12 years after the Qatari company had acquired the land of the project.

According to the Egyptian Al-Borsa newspaper, Qatari Diar, a company affiliated with the state-owned Qatar Investment Authority, had obtained an operating license for the hotel at the beginning of this year. 

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