CAIRO: Qatar has pledged to invest $10 billion in Egypt, a minister was quoted as saying Saturday. Egypt's Minister of Planning and International Cooperation, Fayza Abu El-Naga, said the Egyptian-Qatari ministerial committee met Saturday and “discussed ways to promote Qatari investment in Egypt,” the official MENA news agency reported. It said the investments were expected to be in sectors including tourism, housing, oil, transport, agriculture, education, health and justice. “These projects are part of the $10 billion pledged by the Emir of Qatar, Sheikh Ahmad Bin Khalifa Al-Thani,” Naga said. During a visit to Egypt in May, the emir had assured Egyptian Field Marshal Hussein Tantawi of “increasing Qatari investment in Egypt,” it added. Egypt has been particularly hit by falling tourist arrivals and near zero economic growth after the revolt against Mubarak and the chaos which accompanied it.
