Egypt and Qatar have activated an investment package worth $7.5bn, renewing their partnership and cooperation after years of extended diplomatic disputes, Donia Al Watan reported on August 29. 

The announcement followed high-level talks between Egyptian PM Mostafa Madbouly and his Qatari counterpart, Sheikh Mohammed Al Thani, in the Mediterranean city of New Alamein.

Speaking at a joint press conference, Madbouly is quoted as saying the package reflects “the strength of bilateral relations and a shared commitment to sustainable economic development serving the interests of both peoples.” He confirmed that specific strategic projects under the deal would be unveiled in the coming weeks during a formal signing ceremony.

He said Egypt has introduced wide-ranging reforms to attract foreign direct investment, including tax and customs incentives, regulatory streamlining, and policies aimed at bolstering the private sector. “Creating an enabling environment for both Egyptian and Qatari private enterprises is at the top of our priorities,” Madbouly noted.

For his part, Sheikh Al Thani reaffirmed Qatar’s commitment to investing in Egypt’s economic future, describing the $7.5bn package as a foundation for deepened cooperation in trade, industry, and infrastructure. Both leaders also discussed broader regional issues and stressed the importance of closer coordination in supporting stability and prosperity.

The investment package signals a strong political alignment following years of diplomatic frictions over Qatari support of members of the ex-ruling Muslim Brotherhood. 

The $7.5bn figure traces back to a joint statement in Doha in April 2025, when the two countries agreed to work towards a package of direct Qatari investments in Egypt. This week’s meetings were reportedly about implementing and activating that earlier commitment, though details were not made public.