Qatar Weighs $3.5 Billion Tourism Deal on Egypt’s Med Coast

Qatar is in advanced talks to invest $3.5 billion in a tourism project on Egypt’s Mediterranean coast, the latest potential Gulf backing for the North African nation’s economy that’s been roiled by regional conflict.

The deal to develop land in one of Egypt’s prime vacation areas may be signed by the end of 2025, according to people familiar with the matter. They didn’t specify the exact location or size of the site, and asked not to be identified as the negotiations are private.