Presidential spokesperson Ambassador Mohamed El-Shetawy stated that the President underscored the strong brotherly relations with Sheikh Mishal Al-Ahmad Al-Jaber Al-Sabah, Emir of Kuwait. He emphasized the necessity of increased Arab cooperation, particularly between Egypt and Kuwait as a model of constructive partnership, given global economic and regional challenges.
The head of the Kuwaiti delegation conveyed a message to the
President from Emir Mishal Al-Sabah, stating that Kuwait is honored to support
Egypt and that Kuwait will never forget Egypt's support for it at the beginning
of the establishment of the State of Kuwait, while also emphasizing the Kuwaiti
private sector's support for Egypt.
President El-Sisi highlighted the vital role of business
leaders in fostering bilateral cooperation through mutually beneficial joint
ventures that stimulate economic growth and create jobs. He reiterated the
Egyptian government's eagerness to strengthen ties with Kuwaiti companies and
attract further investment, assuring Egypt's readiness to facilitate a robust
partnership with the Kuwaiti private sector. The delegation also viewed a film
showcasing key ongoing and planned projects in Egypt suitable for Kuwaiti
investment.
The President encouraged Kuwaiti investors to explore
Egypt's opportunities, leverage available incentives, and pursue industrial
partnerships with Egyptian firms in high value-added sectors. He emphasized the
large and promising Egyptian market with significant needs across various
fields, offering substantial investment returns.
The meeting addressed promising sectors for investment
cooperation. The Kuwaiti delegation lauded Egypt's significant infrastructure
development and attractive investment climate, affirming their commitment to
expanding their investment footprint in Egypt to benefit both nations. They
emphasized building upon the existing strategic partnership, noting that
Kuwaiti investments in Egypt exceed $20 billion across over a thousand
companies, with over 25% of the Kuwait Fund for Arab Economic Development's
projects located in Egypt.
They expressed keen interest in increasing their investments and actively participating in the upcoming "Egyptian-Gulf Investment Forum" in Cairo, recognizing Egypt's unprecedented development progress.