The Pharaohs beat Congo Brazzaville 2-1 to book their place in the world competition for the first time since 1990.
President al-Sisi announced the reward on Monday as he met with coach Hector Cuper and the players in Cairo.
“Maybe we don’t play beautiful football but we are at the World cup and that’s the most important thing,” Cuper said.
Al-Sisi particularly heaped praise on Liverpool forward Mohamed Salah who scored both goals to ensure the North Africans progress with a game in hand.
“I am proud of all the players but especially of Mo Salah who was brave enough to take the crucial penalty,” the president said.
“Also thank you to coach Cuper who has made our dreams come true.”
Salah said he was already looking forward to the Russia showdown.
“We are determined to make the country and continent proud in Russia,” Salah said.
“I am very happy to lead Egypt to a World Cup after 28 years and to make a 100 million proud of us.”
Egypt, despite being the most successful team having won the Africa Cup of Nations a record seven times, have only been to the World Cup twice – in 1934 and 1990.
Only two African teams have qualified for the 2018 World Cup so far – Egypt and Nigeria.