Kuwait, 28 April, 2025 : The joint meeting of the Kuwaiti-Egyptian Cooperation Council and the Investment and Business Forum began today in Cairo, bringing together senior officials to discuss ways to enhance economic and investment cooperation between the two countries.
Mohammad Al-Saqer, head of the Kuwaiti delegation, opened the meeting by emphasizing the historic and brotherly ties between Kuwait and Egypt. He stressed the importance of strengthening economic collaboration amid global economic uncertainty, highlighting that regional cooperation is crucial to confront trade tensions and economic instability.
Al-Saqer revealed that Kuwaiti investments in Egypt have reached approximately USD 20 billion, with about 1,500 Kuwaiti companies operating across finance, construction, and manufacturing sectors. He noted that Egypt ranks fifth globally and third among Arab nations for Kuwaiti investment, following the UAE and Saudi Arabia. He also cited that Egyptian exports to Kuwait averaged USD 367 million annually between 2014 and 2023, while Kuwaiti exports to Egypt reached USD 120 million in 2023.
Al-Saqer praised the close relations reaffirmed during the recent meeting between His Highness the Amir of Kuwait, Sheikh Meshal Al-Ahmad Al-Jaber Al-Sabah, and Egypt’s Prime Minister. He stressed that Egypt’s stability is directly tied to Kuwait’s interests, reinforcing Kuwait’s ongoing support for the Egyptian people.
Kuwait’s Ambassador to Egypt, Ghanem Al-Ghanem, highlighted the Investment Forum as an important step to further strengthen ties, building on the momentum of President Abdelfattah Al-Sisi’s state visit to Kuwait. He reiterated the leadership's commitment to making Egypt a key investment destination.
Egypt’s Ambassador to Kuwait, Osama Shaltout, underlined the historic depth of relations between the two nations, not only at the official level but also between their peoples. He emphasized the need for Arab solidarity amid ongoing global and regional instability and thanked the Cooperation Council for its role in advancing bilateral trade and investment since its founding in 2015.
The forum aims to deepen cooperation and unlock new opportunities for business and investment in both countries.
Source : www.zawya.com
