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Sawiris calls for pulling Egyptian investments from Qatar

Sawiris calls for pulling Egyptian investments from Qatar
Egyptian Businessman Naguib Sawiris

Cairo - Mubasher: Egyptian billionaire and business tycoon Naguib Sawiris has called upon Egyptian investors and businessmen to withdraw their investments from Qatar.

Today, Saudi Arabia, Egypt, Bahrain, and the UAE simultaneously cut ties with Qatar.

Sawiris tweeted that Egypt should have been the first country to cut relations with Qatar, which he called a center for exporting terrorism.

The data of the Egyptian General Authority for Investment (GAFI) shows that Qatar ranks ninth among countries with foreign direct investments (FDI) in Egypt, with 210 companies, and investments of around $1.105 billion (EGP 20 billion).