EGYPT - Qatar Signs $29.7 Billion Deal

Egypt and Qatar have signed a landmark $29.7 billion investment agreement to build a vast real estate and tourism complex along Egypt’s Mediterranean coast—the largest Qatari investment in the country since diplomatic ties were restored in 2021.

The deal was formalized between Egypt’s New Urban Communities Authority and Qatari Diar, the real estate arm of Doha’s sovereign wealth fund. The project, to be developed in the Alam Al-Roum area of Matrouh province, will span more than 20 million square meters and transform a previously undeveloped stretch of coastline into a luxury destination featuring residential neighborhoods, resorts, marinas, golf courses, hotels, schools, universities, and government service centers.

The Alam Al-Roum project forms part of a broader $7.5 billion investment pledge by Qatar, which Cairo hopes will help stabilize its struggling economy and unlock further International Monetary Fund support.

-themedialine.org, 7 November 2025

Commentary: When compared to Israel, Egypt is a gigantic country of over 1 million square kilometers. Israel’s area is only 21,640 square kilometers. Egypt’s population is 118.4 million, to Israel’s 9.9 million.

But now the other side of the story: GDP per capita in Egypt is $16,800, while Israel’s is $54,176. Egypt’s life expectancy is 75 years; Israel’s is 83.8 years, which makes it the fourth highest among OECD countries.

What about these luxury resorts? They will attract tourists and investment, leading to the general well-being of the population.

Qatar is one of the super-rich Arab nations. Based on the International Monetary Fund, the richest Arab nation is Qatar, followed by the UAE, Kuwait, Bahrain, and Saudi Arabia. Tourism and investment are the fuel that propels nations toward increasing prosperity.

Prophetically, it is important to realize the difference between 1925 and 2025:

World population 2 billion 8.2 billion

Life expectancy 40 years 73 years

Global GDP $2 trillion $100 trillion+

Literacy rate: less than 40% over 90%

Cars on the road: 30 million 1.5 billion

Infant mortality rate: 150 under 30 (per 1,000 live births)

We may ask, how was this possible? Answer: man’s ingenuity. Where will it lead? The self-reliance of mankind, independent of God the Creator. It is not surprising that Jesus asks the question, “when the Son of man cometh, shall he find faith on the earth?” (Luke 18:8b).

When it comes to well-being, longevity, abundance of bread, and leisure time, it is continuously improving; thus, we are reminded of the sins of Sodom and Gomorrah, which is one of the end-time signs: “Behold, this was the iniquity of thy sister Sodom, pride, fulness of bread, and abundance of idleness was in her and in her daughters, neither did she strengthen the hand of the poor and needy” (Ezekiel 16:49).