"Egypt and Qatar , along with Turkey, are key regional supporters of the US-backed peace plan that the Gaza-based militant group Hamas and Israel agreed to on October 10. This week in Egypt, the leaders of the two Arab states and Turkey, alongside US President Donald Trump, signed a declaration meant to cement the ceasefire in Gaza. So it could be that the future of the war-torn Gaza Strip and its around 2.1 million residents will depend on them."
""Egypt will want to maintain this momentum of demonstrating its diplomatic weight in the region," he predicts. This role has led to a boost of foreign assistance and financing, Kaldas noted. In February 2024, the United Arab Emirates signed onto a construction project at Ras al-Hikma, a Mediterranean peninsula near the city of Alexandria, worth $35 billion (29 billion). In March 2024, the European Commission pledged a total of 7.4 billion ($8.7 billion) combining a loan and other financial assistance for Cairo."
Egypt, Qatar and Turkey backed the US peace plan that Hamas and Israel agreed on October 10 and signed a declaration with US President Donald Trump to cement the Gaza ceasefire. Egypt positioned itself as mediator, hosting ceasefire summits and boosting its strategic standing with international partners. The mediation attracted foreign financing including a $35 billion UAE construction deal at Ras al-Hikma and a €7.4 billion European Commission package. Cairo celebrated removal of earlier displacement proposals from the plan and aims to play a major role in Gaza reconstruction, leveraging its large construction capacity from domestic mega-projects.
Read at www.dw.com
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