Last Updated: Fri Oct 07, 2011 09:06 am (KSA) 06:06 am (GMT)

From Almasry Alyoum: Qatar supports Egypt's general budget with US$500 million, increases investments

Photographed by other
Photographed by other

The Qatari government has allocated US$500 million to support Egypt's general budget and decided to increase its investments in Egypt with US$10 billion, announced the Minister of Planning and International Cooperation Fayza Abouelnaga on Thursday.

She said Qatar decided to increase its investments in those development sectors that represent a priority to Egypt, to help the Egyptian government face the economic crisis, adding that the Egyptian government is currently studying the Qatari projects.

She said in a press statement after her meeting with the Qatari Foreign Minister Khaled Atiyya that both ministers discussed the Qatari financial aid package.

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