Qatar in talks with Egypt’s wealth fund over 30% stake in hotels | Hadeel Al Sayegh, Andrew Mills and Patrick Werr
- Date: 14-Jun-2023
- Source: Arab Weekly
- Sector:Financial Services
- Country:Qatar
Qatar in talks with Egypt’s wealth fund over 30% stake in hotels | Hadeel Al Sayegh, Andrew Mills and Patrick Werr
CAIRO
Qatar’s sovereign wealth fund is in talks with Egypt about potentially investing in seven historic hotels there, in what could be a landmark deal between the two countries that restored diplomatic ties in 2021 after a long-running dispute.
The Qatar Investment Authority (QIA) is in talks with The Sovereign Wealth Fund of Egypt (TSFE) about the deal, said two sources with knowledge of the matter, who declined to be named.
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