Egypt, Qatar discuss activating $7.5B investment package, renew rejection of Palestinian displacement

CAIRO – 28 August 2025: The Egyptian and Qatari prime ministers met in New Alamein city on Thursday, discussing bilateral relations, as well as their efforts, in coordination with the United States, to reach a ceasefire in Gaza.

Prime Minister Mostafa Madbouly and Qatar’s Prime Minister and Minister of Foreign Affairs Sheikh Mohammed bin Abdulrahman Al-Thani reaffirmed their countries’ categorical rejection of any attempts to displace the Palestinian people from their territory.

They discussed their efforts, alongside the US, to reach an immediate ceasefire in Gaza, which facilitates the delivery of humanitarian aid to people in the enclave.

Regarding bilateral relations, the prime ministers discussed the activation of the direct Qatari investment worth $7.5 billion, announced during President Abdel Fattah El-Sisi’s visit to Qatar in April.

Madbouly underscored Egypt’s commitment to maintaining open communication with the Qatari business community in order to build investor confidence, support Qatari investments in Egypt, and facilitate relevant procedures.

Egypt’s prime minister commended the significant progress witnessed in Egyptian-Qatari relations in recent years across political, economic, and investment sectors.

He stressed the importance of continuing to advance joint cooperation initiatives.

Egypt and Qatar during the meeting emphasized the importance of convening the Egyptian-Qatari Joint Higher Committee to advance mutual interests and ushering in a new phase of deeper and broader cooperation across political, economic, and commercial domains.

Halting Gaza War

Bind by strong economic ties, Egypt and Qatar have been working side by side over the past two years to end the Israeli war in Gaza, which has claimed the lives of nearly 63,000 people, according to the enclave’s health ministry.

Recently, both countries put forward a ceasefire proposal that is based on a former framework by US special envoy Steve Witkoff to achieve a 60-day truce, facilitate the release of some captives held by Hamas, and ensure aid delivery to hunger-stricken population.

Hamas accepted the proposal last week and Egypt and Qatar have been calling for the global community to exert further pressure on Israel to accept the proposal.

Qatari foreign ministry spokesman Majed Al-Ansari said this week that Israel has yet to issue an official response to the mediators although the proposal “largely aligns with Israel’s earlier demands.”

He stated that “the ball is now in Israel’s court,” accused the Israeli side of being “unwilling to reach an agreement.”

Both Arab countries have been also countering Israeli-US plans to displace Gazans to other countries and thus eradicate the Palestinian cause.

Amid recent reports regarding Israeli consultations with certain countries to accept the displacement of Palestinians, Egypt called for nations to “refrain from complicity in this immoral crime,” which constitutes “both a war crime and an act of ethnic cleansing.”