On the second day of his visit to Qatar:
GAFI CEO meets the Chairman of Qatar Chamber of Commerce & Industry (QCCI) to discuss ways to
increase Qatari investments in Egypt. He also meets with Qatari Diar and major real estate developers.
Abdel Wahab to Qatari investors: The Egyptian government has taken serious steps to support investors
and overcome investment challenges... adding that the main attraction for new projects is the success and
continuity of existing projects.
On the second day of his visit to the State of Qatar, Counselor Mohamed Abdel Wahab, GAFI CEO, met
Sheikh Khalifa bin Jassim Al Thani, QCCI Chairman and a number of members of the Chamber.
Counselor Mohamed Abdel-Wahab gave the members of the Chamber a detailed presentation of Egypt's
investment map, which includes more than 2,600 investment opportunities, and invited them to visit Egypt
to learn more about investment opportunities suits their orientations on the ground, as part of a plan to
deepen investment cooperation between the two countries, and double the value of Qatari investments in
Egypt.
They reviewed the most important developments in the investment climate in Egypt, the most prominent
economic indicators that indicate the government’s success in achieving positive growth rates, foremost of
which is Egypt tops the list of countries receiving investment in Africa despite the difficulties experienced
by the global economy, which resulted in a slowdown in the flow of investments internationally, as well as
raising the awareness among Qatari Chamber members of the Egyptian government’s efforts in facilitating
the companies' incorporation and operation, and the implementation of their investment projects according
to specific time frames.
On his part, QCCI Chairman affirmed the interest of Qatari investors in studying the most appropriate
opportunities to direct their investments to Egypt, praising the measures taken by Egypt to confront the
repercussions of the Corona crisis and the current global crises. In addition, He expressed the attractiveness
and competitiveness of the Egyptian economy, and the diversity of opportunities available to investors. The
Chamber's representatives also expressed their keenness to invest in Egypt, and to study the investment
opportunities that were presented.
On the other hand, Counselor Mohamed Abdel Wahab, GAFI CEO, met with heads of major Qatari real
estate development companies, to promote the most important real estate projects.
Where Counselor Abdel Wahab met with Mr. Abdullah bin Hamad Al Attiyah, CEO of Qatari Diar, to
discuss the company's investments in Egypt and future plans to expand its real estate activities. Al Attiyah
explained that the company had launched the first phase of the City Gate project in East Cairo, Which offers
more than 24 thousand various housing units.
During the meeting, they followed up on the progress of some of the company’s projects in Egypt, which
have achieved great success during the last period, including the New Giza project on an area of 1,500
feddans in the west of Cairo, and the St. Regis Hotel, which includes 515 hotel units. Moreover, they
discussed the company’s plans to increase its investments in Egypt by implementing new tourism projects
in the cities of Hurghada and Sharm El-Sheikh, where GAFI confirmed that it would provide all means of
support for the company to implement its expansion projects in Egypt and to overcome any challenges that
such company may encounter.
GAFI CEO met with Chairman of Board of Directors of El-Khayyat Group Mr. Ramez Al-Khayat, which
is one of the leading companies in the construction and development of civil, industrial, residential and
commercial real estate, which recently acquired a share in Juhayna Company. The head of the Qatari
company expressed his interest in investing in Egypt in the fields of health care, agriculture, tourism, and
retail.
Counselor Mohamed Abdel Wahab also met with Chairman of Ezdan Holding Company, Mr. Thani bin
Abdullah Al Thani, which is one of the largest real estate development companies in the Gulf region in terms of market value, and its main activities are mainly the development of residential and commercial
real estate units, hotel management, and shopping centers. The Qatari company expressed its desire to invest
in Egypt, through the establishment of a number of hotel facilities, and the provision of some banking
services. It was agreed that a delegation from the company would visit Egypt soon to assess the Egyptian
market, and examine the most important investment opportunities of interest to the company.
During his meetings with Qatari real estate development companies, GAFI CEO confirmed that the
Government of Egypt has taken serious steps to support investors and overcome all investment-related
challenges during the past years, the most recent of which was the establishment of a unit to solve investors'
problems under the direct supervision of the Prime Minister. The main attraction of the new projects is the
success and continuity of the existing projects, Abdel Wahab added. He also called on Qatari real estate
developers to participate in major national projects, especially in those in the Administrative Capital and
the New Alamein City, to benefit from the expected future growth of these projects.
Abdel Wahab also continued his meetings with Qatari companies interested in making new investments in
Egypt. These included Alfardan Group and Qatar Cool. On the one hand, the former's business is expanding
to cover jewelry, real estate development, hospitality, health care, cars, maritime and financial service
sectors. The Group also is exploring the possibility of establishing a tourist hotel in Egypt. On other hand,
Qatar Cool would like to set up a central cooling project in the new Administrative Capital. In addition,
Just Real Estate Co. (JRE) considers setting up a company exporting gas and producing electricity, together
with a waste recycling plant, while Prosperous Alliance is interested in implementing projects in the fields
of logistics, ports, and food industries.
