Egypt seeks to establish joint investment fund with Qatar: minister ...Egypt

Egypt seeks to establish a joint investment fund with Qatar to attract investments that Qatar plans to pump into Egypt, Egyptian Minister of Planning Hala al-Saeed announced. Qatar is looking forward to increasing its investments in Egypt, according to a statement issued by the Egyptian Cabinet. This follows after both countries signed an agreement to abolish double taxation, aimed at enhancing investments from the gas-rich Gulf state, at a time when the Egyptian government is seeking to attract foreign funds to help revive its economy. The establishment of an investment fund with Qatar will be similar to the recently-established Saudi Egyptian Investment Company (SEIC), owned by Saudi Arabi

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