Kuwait to expand investments in following President Sisi’s visit
Joint statement highlights new projects, economic cooperation, and preparations for Egyptian-Gulf Investment Forum
KUWAIT CITY (MNTV) — Kuwait has announced plans to significantly increase its investments in Egypt, following the conclusion of Egyptian President Abdel Fattah al-Sisi’s two-day official visit to the country.
The visit, held at the invitation of Kuwait’s Emir Sheikh Meshal Al-Ahmad Al-Jaber Al-Sabah, featured high-level bilateral talks focused on enhancing cooperation between the two countries.
A joint statement issued after the visit emphasized the shared commitment to deepening economic, trade, and investment ties.
Kuwait expressed its intention to capitalize on Egypt’s investment opportunities in key sectors including energy, agriculture, industry, information technology, pharmaceuticals, real estate development, and banking.
Both sides agreed to intensify cooperation in these areas and tasked officials with implementing the necessary measures to facilitate investment.
The statement also welcomed Egypt’s ongoing preparations to host the Egyptian-Gulf Investment Forum later this year, viewing it as an important platform for boosting regional economic integration.
Kuwait praised Egypt’s recent development strides under President Sisi’s leadership, especially efforts to improve the investment environment in line with Egypt’s Vision 2030.
It also commended Cairo’s commitment to removing obstacles faced by Kuwaiti investors in the country.
President Sisi’s visit was part of a broader Gulf tour focused on strengthening economic cooperation amid evolving regional and global challenges, including energy market volatility and food security concerns.
Kuwait and Egypt maintain long standing diplomatic and economic relations, with Kuwait ranking among the largest Arab investors in Egypt.
Current Kuwaiti investments in Egypt are valued at around US$20 billion, spread across more than 1,000 companies engaged in sectors such as real estate, banking, food industries, and tourism.
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