Monday, 25 May 2026
The north Mediterranean coast, Egypt.Source: Xinhua News Agency/Getty Images
Qatar in advanced talks to invest $3.5 billion in major Egyptian Mediterranean tourist project
Qatar is currently in advanced negotiations to invest $3.5 billion in a large-scale tourism development project on Egypt’s Mediterranean coast. This potential deal represents the latest show of Gulf support for Egypt’s economy, as the North African country continues to face challenges stemming from regional instability.
According to a report by Bloomberg, the agreement could lead to the development of prime land in one of Egypt’s top vacation destinations. Sources familiar with the discussions, who requested anonymity due to the ongoing confidential nature of the negotiations, indicated that the deal might be signed by the end of 2025. Details about the exact location and land area have not yet been finalized.
For the past three years, Qatar has also maintained $4 billion in short-term deposits at Egypt’s central bank, renewing them annually as they come due. Central bank sources confirmed that these deposits remain in place and are being managed in coordination with Qatari counterparts.
This potential Qatari investment follows a landmark $35 billion agreement signed last year between Egypt and the United Arab Emirates to develop the Ras El Hekma project, encompassing 170 million square meters on the Mediterranean coast.
Such investments signal growing confidence among Gulf states in Egypt’s tourism and real estate sectors, and mark important steps in strengthening economic ties between the countries.