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Egypt

Egypt signed a USD 29.7 billion (EGP 933 billion) investment agreement with Qatari Diar Real Estate Investment Company on Thursday, 6 November, to develop the Semla and Alam El-Roum areas in Matrouh Governorate, turning them into a world-class tourism and investment destination along the Mediterranean coast. The agreement was signed at the Cabinet headquarters in the New Administrative Capital, in the presence of Prime Minister Mostafa Madbouly, Minister of Housing Sherif El-Sherbiny, and Qatari Minister of Municipality and Diar Chairman…