Qatar’s $3.5 billion Egypt payment spotlights Doha’s Africa push — and its bid to win deals via flights and forums
NEW YORK, December 31, 2025, 16:08 ET Egypt has received $3.5 billion under a Qatar-backed development deal for a luxury real estate and tourism project on its Mediterranean coast, a cabinet statement said on Tuesday. The payment matters now because Egypt has been pressing for hard-currency inflows and long-term foreign investment as it navigates heavy debt and a widening budget gap, while meeting targets tied to its International Monetary Fund programme. For Qatar, it is a concrete step in a broader push to expand economic reach into Africa and compete with regional rivals — not just with capital, but with