The government of the Democratic Republic of Congo announced Wednesday that Qatari investment firm Al Mansour Holding plans to invest $21 billion in the country, marking a major expansion of Doha’s footprint in Africa.

According to AFP, Sheikh Mansour bin Jabr bin Jassim Al Thani, founder of the group and a member of Qatar’s royal family, visited Kinshasa on Tuesday as part of an African tour.

During a meeting with Prime Minister Judith Suminwa, the Qatari delegation presented a “letter of intent” outlining nearly $21 billion in planned investments across multiple sectors, the Prime Minister’s office confirmed.

The announcement comes as Doha continues its role as a mediator in the conflict in eastern Congo, strengthening both its political and economic presence in the region.