Al-Wazir was received by KCCI Chairman Rabah Al-Rabah,
Assistant Secretary-General Feras Al-Ouda, Egyptian Ambassador to Kuwait Osama
Shaltout, and Noura Abdel-Hady, Deputy Head of the Egyptian Diplomatic Mission.
The Minister participated in an Expanded Egyptian-Kuwaiti
Investment Forum organized by the KCCI. The event drew more than 30 Kuwaiti
companies, the Kuwaiti Contractors Union, the Kuwaiti Transport Companies
Union, and 17 Egyptian infrastructure firms.
Al-Wazir emphasized the historical relations between Kuwait
and Egypt, stating that Cairo has made significant strides in building a
modern, productive, knowledge-based economy through comprehensive reform
programs. These initiatives include infrastructure development, an urgent plan
for the industrial sector, and efforts to improve the investment climate to
attract capital.
He noted that his delegation included the heads of 17
Egyptian infrastructure companies "fully prepared" to undertake
projects in Kuwait at "the lowest prices, highest quality, and shortest
timeframe."
KCCI Assistant Secretary-General Feras Mohammed Al-Ouda
underscored the "deep Egyptian-Kuwaiti relations" and the KCCI's
strong interest in increasing trade volume and investments in Egypt, citing the
"significant progress" in various Egyptian sectors.
The Chairman of the Kuwait Banking Association and Kuwait
Finance House highlighted the importance of cooperation with Egypt in financing
projects for Egyptian and Kuwaiti investors. The Secretary of the Kuwaiti
Contractors Union also expressed interest in participating in Egyptian
construction projects and welcomed Egyptian companies to undertake work in
Kuwait, within the framework of bilateral ties.
Several Kuwaiti company heads voiced their interest in
investing in Egypt and entering its market with new investments.
The 17-company Egyptian delegation then presented their achievements and projects in infrastructure, both inside and outside Egypt. They expressed their keenness to implement development projects in Kuwait with the highest quality standards, appropriate prices, and in the shortest time, aligning with Kuwait's development plans.