In an open message to local and international investors following the signing of the Egypt–Qatar investment deal, Kouchouk said the project reflects Egypt’s “strong political will and commitment to investing in the future through a comprehensive development vision and investor-friendly reforms.”
Under the agreement, Qatari investments are estimated at $29.7 billion, including $3.5 billion in direct cash proceeds to be paid before the end of December 2025, in-kind contributions valued at $1.8 billion, and 15 percent of net profits allocated to the New Urban Communities Authority (NUCA). The project, Kouchouk said, “sets a new model for long-term investment partnership that ensures mutual benefit for both the state and investors.”
He added that the North Coast has become “a magnet for tourism, real estate, and service-sector investments,” pointing to the Ras El-Hekma and Alam El-Roum projects as evidence of Egypt’s growing competitiveness and appeal to international investors.
“The state is offering exceptional opportunities for developmental investments aimed at building integrated urban communities and providing jobs for young people,” Kouchouk said. “These projects enhance sustainable growth and reinforce Egypt’s role as a regional center for production and exports.”
The minister noted that regional and international investors increasingly view Egypt as a promising and diversified investment destination, while the private sector—both domestic and foreign—has shown “great confidence in the economy’s potential and investment climate,” paving the way for major deals.
He emphasized that economic activity, development, and job creation represent the strongest investment returns the state can achieve alongside direct financial gains.
“The completion of successive major investment agreements, culminating in the Qatari partnership, is clear evidence that the Egyptian economy is moving in the right direction,” he said.
Kouchouk also underlined that Egypt’s strong economic activity provides additional fiscal space to reduce public debt and improve public services, highlighting that “fiscal and economic indicators continue to trend positively with the conclusion of major investment transactions.”
The minister reaffirmed the government’s commitment to maintaining a stable and attractive investment environment by simplifying tax and customs procedures, reducing investor burdens, and ensuring competitive neutrality.
He concluded that the government will allocate a significant portion of the proceeds from recent investment deals directly to reducing public debt, noting: “We have succeeded in cutting budget-sector debt by about 10 percent of GDP over the past two years, even as the average debt among emerging economies rose by seven percent.”
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