Egyptian President Sisi secured a dedication from Qatar to take a position $7.5bn in his cash-strapped nation throughout his 14 April go to to Doha which signaled an extra strengthening of ties between the 2 nations that has seen state agency QatarEnergy enter the Egyptian upstream amongst different multi-million greenback investments (MEES, 15 November 2024). President Sisi additionally visited Kuwait the place he and Emir Sheikh Mishal Al Ahmad Al Sabah “mentioned numerous points of joint cooperation within the financial, funding, commerce, power, infrastructure, healthcare, training, tradition, and tourism sectors,” in line with a joint assertion on 16 April.
Each Qatar and Kuwait nonetheless has some technique to go to succeed in the extent of funding dedicated by Egypt’s key Gulf allies, the UAE and Saudi Arabia. Whereas Egypt and the UAE could also be on totally different sides of the battle in Sudan (MEES, 18 April) this hasn’t stopped Abu Dhabi from investing some $35bn to develop the Mediterranean resort of Ras el Hekma (MEES, 17 Might 2024). (CONTINUED – 156 WORDS)
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