Qatar intends to invest $10 billion into Egypt’s economy, in part to bolster the post-revolutionary government there, according to statements attributed to the Qatari ambassador to Cairo.

Egypt’s tourism industry was hit hard by the uprising earlier in the year.

Says Reuters:

Egypt has been asking donors and the International Monetary Fund to help to bridge an estimated $10-12 billion balance of payments gap for the fiscal year that begins on July 1, economists say.

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Al-Ahram quoted Qatar’s ambassador to Cairo as saying a Qatari delegation would hold talks in Cairo on Saturday to follow up on projects broached during a visit by Qatar’s emir, Sheikh Hamad bin Khalifa al-Thani, earlier this month.

“I believe these projects, when implemented, will surpass $10 billion, and they will be productive products in Egypt,” al-Ahram quoted Ambassador Saleh Al-Buainein as saying.