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Qatari Prime Minister: We are studying new ways to fund additional development projects in Egypt

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Hamad bin Jasim bin Jaber Al Thani makes stopover in Cairo en route back to Doha from US

Egypt's Prime Minister Hisham Qandil (L) speaks with Qatar's Premier and Foreign Minister Sheikh Hamad bin Jassem bin Jabr al-Thani (R) prior to holding a joint press conference in Doha, on April 10, 2013. (AFP File Photo)

Egypt’s Prime Minister Hisham Qandil (L) speaks with Qatar’s Premier and Foreign Minister Sheikh Hamad bin Jassem bin Jabr al-Thani (R) prior to holding a joint press conference in Doha, on April 10, 2013.
(AFP File Photo)

The Qatari government is currently reviewing a number of new investment projects in Egypt, said Qatari Prime Minister Hamad bin Jasim bin Jaber Al Thani.

“We will seek to implement these projects as fast as possible,” he said during a short visit to Egypt on his way back to Qatar from the United States.

During a meeting with Egyptian Prime Minister Hesham Qandil, Al Thani stated that Qatar would continue to support Egypt and that he was confident in the country’s ability to achieve economic recovery. He praised Egypt’s favourable investment environment which will help to create new job opportunities, increase exports and increase economic growth in the country.

A recent statement released by Egypt’s Cabinet stated that during the meeting Al Thani and Qandil reviewed ways to help increase investment in Egypt, specifically by working to create a number of new industrial zones, developing the country’s natural gas sector, and releasing additional government bonds.

A number of regional issues were also discussed during the meeting, such as the civil war in Syria and the Israeli-Palestinian crisis.

Both countries are currently negotiating interest rate terms on a $3bn bond purchase which Qatar has promised to make.


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