Cairo: The value of trade between Egypt and Qatar reached $128.4 million in 2024, showing an increase from $72.1 million in 2023.

According to State Information Service Egypt, a notable rise from $44.3 million in the previous year.

The main exported products included vegetables and fruits, valued at $38 million, electrical machinery and equipment at $8 million, and prepared vegetables and fruits at $6 million. Additionally, cocoa and its preparations accounted for $6 million, while miscellaneous food preparations reached $4 million.

On the other hand, Egypt’s imports from Qatar amounted to $35 million in 2024, compared to $27.8 million in 2023. The key imported goods from Qatar included plastics and their products, worth $14 million, followed by miscellaneous chemical products at $7 million, fuel and mineral oils at $5 million, aluminum at $4 million, and inorganic chemical products valued at $3 million.

Furthermore, Qatari investments in Egypt saw an increase, reaching $618.5 million during FY2023/2024 fiscal year, up from $548.2 million in the previous fiscal year. Similarly, Egyptian investments in Qatar grew to $171.5 million in 2023/2024, compared to $86.8 million in 2022/2023, highlighting the continued strengthening of bilateral economic cooperation.

President Abdel Fattah El-Sisi arrived in Qatar on Saturday, as the first stop of a two-leg Gulf tour that also includes Kuwait. Qatari Emir Sheikh Tamim bin Hamad Al-Thani received the president upon his arrival at Hamad International Airport in Doha. The two leaders are set to discuss enhancing bilateral relations across various fields, as well as regional developments. Notably, they will address efforts to achieve a ceasefire in Gaza.