Qatar and Egypt until about three years ago, bitter rivals are today in a different place not only as mediators but also in their bilateral relations.
It seems that Qatar will take full advantage of Egypt's economic distress, which needs every dollar.
On Wednesday, the Egyptian government announced cooperation with Qatar in an investment project that it defined as "extremely important".
In a statement by the Egyptian government, it was stated that this is a large real estate project on the shores of the Mediterranean Sea. No further details were given.
In February of this year, Egypt announced the Ras Al-Hakhma project that the Emirates will build near Alexandria with an investment of 35 billion dollars. It looks like the Qatari project will be similar.
In addition, the major project was informed that Qatar is interested in investing in diverse sectors of the Egyptian economy, including seaports, tourism and logistics.