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Cairo: Qatari Finance Minister Ali Al Emadi Tuesday night attended the opening of a luxury Cairo Nile hotel, hours after Egypt signed a Gulf agreement ending a long dispute with Qatar.
Al Emadi joined his Egyptian counterpart Mohammed Maeti and US Secretary of the Treasury Steven Mnuchin in inaugurating the $1.3 billion St Regis Cairo Hotel owned by the real estate investment company Qatari Diar.
“The State of Qatar with its investment through the Qatari Diar in this distinguished project practically stresses its commitment to contribute to supporting the tourism sector due to its vital role in economic development and creating job opportunities,” Al Emadi said at the opening ceremony, putting Qatar’s overall investment in Egypt at over $5 billion. ....

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