Egypt welcomes return of Qatari investments
As Qatari money flows back into Egypt, the question now is how these potentially game-changing foreign investments will be directed.
CAIRO — The Egyptian government has been holding meetings to discuss directing foreign investments, especially from the Gulf. Despite the likely relief brought by the return of Qatari investments to the Egyptian market, it remains unclear where they will be directed and how these funds will alleviate pressure on the economy.
On April 14, Egyptian Prime Minister Mostafa Madbouly met with a committee of ministers to review the plans of Egypt's Sovereign Fund and the program of offerings for public and government companies on the stock exchange in the interest of attracting more foreign investments.
