CAIRO, Nov. 6 (Xinhua) -- Egypt and Qatar on Thursday signed an investment agreement worth 29.7 billion U.S. dollars to develop a major real estate and tourism project on Egypt's Mediterranean coast, the Egyptian government said in a statement.
The deal was signed between the New Urban Communities Authority, a state-owned agency under Egypt's Ministry of Housing, Utilities, and Urban Communities, and Qatari Diar Real Estate Investment Company, the real estate arm of Qatar's sovereign wealth fund.
