American expert to Al Sharq: Qatari-Egyptian will to boost investments
September 16, 2022, 07:45 AM
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EgyptDiameterEgyptian PresidentHis HighnessSheikh Tamim bin Hamad Al Thani
Washington – Zainab Ibrahim
Professor Ravel Shansky, expert on Middle East affairs and professor of international politics at the University of Utah, confirmed that His Highness Sheikh Tamim bin Hamad Al Thani, the Emir of the country, met with Egyptian President Abdel Fattah Al-Sisi, President of the Arab Republic of Egypt, within the framework of the Egyptian President’s high official visit to Egypt. Qatar lasted for two days, during which an official working session was held to discuss bilateral relations between the two brotherly countries and ways to enhance and develop them in various fields, especially in the field of investment, transport and social affairs, in addition to discussing a number of current issues on the regional and international arenas of common interest, and signing a number of Memorandums of understanding between the governments of the two countries, including a memorandum of understanding between the Qatar Investment Authority and the Sovereign Fund of Egypt for Investment and Development, a memorandum of understanding on cooperation in the field of ports, and a memorandum of understanding for cooperation in the fields of social affairs, in a ceremony attended by a number of Their Excellencies sheikhs and ministers,It was attended on the Egyptian side by Their Excellencies ministers and senior officials, members of the official delegation accompanying His Excellency the President. This visit and the resulting notes will play a vital role in confirming the growing perception in the region with a supportive approach to mutually beneficial relations and avoidance of useless conflicts, but rather a positive interaction with the changes of the international scene through Positive diplomatic means, benefiting from the influential historical ties between regional powers and joint action in files that are in the interest and vision of the two countries, and the characteristic observed on the Qatari-Egyptian relations since the Al-Ula summit of the Gulf Cooperation Council in early 2021, is that it was among the fastest in the development of distinguished cooperation, With Saudi Arabia, in a positive way that draws a new context for the future of the region’s relations, and strengthening the positive relations between Qatar and Egypt is an important positive step for diplomacy and dialogue that would bring about an important transformation in the region by weaving new policies that lead to more fruitful discussions and support the principles of containment.Escalation and tension in other regions of the region, as well as by means of political cooperation through positive gestures to engage in policies that uphold the diplomatic values of dialogue and positive interaction with global developments by developing strategic relations and opening more areas for cooperation, gaining more friends and allies, and achieving ambitious and important economic goals.
► Diplomatic summit
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Professor Ravel Shansky, Middle East expert and professor of international politics at the University of Utah, said:What distinguished the Qatari-Egyptian relations was that it was not only built on the positive impetus of the Al-Ula summit, or that it transcended some interim media skirmishes, but there was a sovereign vision with a high political will between the two countries to develop the cooperation that was already existing in many projects and restore it in more comprehensive plans for development through Reciprocal official ministerial visits, during which the atmosphere was certainly paving the way for an official summit between the two sides that would complete these positive and good tracks, in addition to the fact that the important economic cooperation between the two sides is generally inseparable from a conscious political reading of the changes in the international scene, and the Egyptian-Gulf relations were a major part of Foreign investments that the Egyptian administration was keen to employ in many areas of real estate development, tourism activities, hotel services, holding companies and other activities, and there were many projects between Qatar and Egypt specifically in more than one related context.In particular, partnerships specialized in the energy fields, but what differed in this type of discussions, the important degree of proximity, and the positive announcement of pumping about $ 5 billion of Qatari investments in Egypt, as well as future projects, according to official reports and statements, to about 2-3 billion other dollars, is the direct possession of Qatar has direct shares and developed plans in the Egyptian market with sovereign encouragement and continuous coordination between the relevant ministries and authorities, because Qatar had mainly shares in prominent Arab and Italian companies working in the energy and natural gas fields in Egypt, and Doha, as it is known, is an active international center in energy investments internally. And externally on more than one level, but directly owning Qatari shares in companies operating in the Egyptian market, even if at a rate ranging between 12-15%, is an important indicator and strongly supportive of the economy, especially since the target signs in the purchase plans are leading companies in the fields of telecommunications that mainly own Qatar. Ways to develop it to own the sameThe same international brands in their internal market with state-owned shares, as well as what is related to the fields of advanced development led by Qatar, especially at the financial level, whether in digital development, as well as in advanced financial technology and other important fields.
► Important issues
A sovereign vision and a high political will to develop cooperation
Professor Ravel Shansky, Middle East expert and professor of international politics at the University of Utah, concluded his remarks by explaining:The positive timing of the visit opens discussions in its broader context towards vital and major files that are always at the forefront of the official discussions of the Arab League session at its upcoming summit, which is scheduled to be held in the State of Algeria. Doha and Cairo are in the interest of containing tensions and violent clashes between the two sides of the conflict, protecting lives and blood and strengthening stability. What is also evident in the Egyptian and Qatari positions since the May armistice last year and the success in the ceasefire in the recent Israeli military campaign with the Islamic Jihad organization, are many. Among the gains that could be different in their foreign policy agenda, Egypt certainly benefits from an influential position on the Palestinian file, which gives it weight and influence that it seeks to benefit from in the Renaissance Dam file to undermine the escalation and support for Ethiopia, while Qatar also continues its humanitarian approach of solidarity with the issueThe Palestinian Authority and its continuous support for the Gaza Strip as a major part of its foreign diplomacy, which it is keen to adopt strongly at a time when the regional means of support for the Palestinian cause have varied. Qatar also does not wish to escalate the Renaissance Dam file in a way that hinders its many investments in Ethiopia, Sudan and Egypt as well. There is also Sudanese aspiration for the leaders of Egypt and Qatar to help with the file of lifting the sanctions, based on the prominent Qatari role in the peace file in Darfur and the historical proximity between Egypt and Sudan, and the same in the Libyan file in the mutual visits of Libyan delegations to Doha and the strategic considerations in the relationship of Egypt and Libya in light of Important popular aspirations from the Libyan interior that the page of positive Arab-moving relations will be the beginning of the stability of Libya and the cessation of proxy wars and influence and other important features, and all these joint files illustrate the importance of consolidating diplomatic relations to the highest levels between the two countries as a positive step supporting the curveA change in regional politics and interaction with medical issues.
