Dubai, United Arab Emirates (CNN) – Qatari Diar, on Tuesday, inaugurated its wholly owned St. Regis Hotel in the Egyptian capital, Cairo, in the presence of Ali Sherif Al-Emadi, Qatar’s Minister of Finance, Stephen Mnuchin, US Minister of Treasury, and Mohamed Moait, Egyptian Minister of Finance.
The Minister of Finance says, “The State of Qatar, by investing it through Qatari Diar in this distinguished project, practically affirms its commitment to contribute to supporting the tourism sector for its vital role in economic development and job creation.” # Qena https://t.co/pjnmwNp874 https://t.co/ebSGOs9EGI
The official Qatar News Agency quoted Al-Emadi as saying during the event, “The State of Qatar, by investing it through the Qatari Diar Company in this distinguished project, practically confirms its commitment to contribute to supporting the tourism sector for its vital role in economic development and job creation, and this project represents a new addition to investments.” Qatar Airways in Egypt exceeds five billion dollars in various fields. “
In the words of the Egyptian Minister of Finance, the Qatari agency quoted him as saying: “We congratulate the Qatari Diar Company for the opening of this pioneering hotel today, which came as a result of the company’s decision to invest in the tourism sector, one of the most important sectors of the Egyptian economy.” The Egyptian government, and the private sector is one of the most important sectors of investment in Egypt, and the interest in expanding investment creates economic opportunities by supporting the overall economy, increasing jobs and localizing technology. Therefore, the Egyptian government always welcomes foreign investment and provides it with the appropriate environment for investment.
For his part, the US Treasury Secretary Mnuchin said, “The completion of this project would not have been possible without the efforts of the Qatari Diar Company. And by investing Qatari Diar in this project, we can see the impact of economic cooperation in creating job opportunities and developing common interests in investment opportunities,” according to the agency quoted. Country.