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Sisi eyes economic cooperation with Kuwait’s business community, firms

CAIRO: Egyptian President Abdel Fattah Al-Sisi on Sunday affirmed his country’s aspiration to develop economic and trade cooperation relations with Kuwait, especially the Kuwaiti business community and Kuwaiti companies, and boost their investments in Egypt against the backdrop of diverse investment opportunities in all development sectors. The official spokesman of the Egyptian presidency, Ambassador Bassam Radi, said in a statement that this came during Sisi’s meeting with a Kuwaiti economic delegation of business figures headed by the Chairman of the Kuwait Chamber of Commerce and Industry Mohammed Al-Saqer.

Radi said Sisi asked to convey his greetings to HH the Amir Sheikh Nawaf Al-Ahmad Al-Jaber Al-Sabah and HH the Crown Prince Sheikh Mishal Al-Ahmad Al-Jaber Al-Sabah, welcoming the meeting, which embodies the spirit of brotherly cooperation between Egypt and Kuwait. Sisi pointed to Egypt’s modern infrastructure throughout its geographical area, both in terms of energy supply, transport network, roads and modern ports, as well as the advanced legislative framework for investment. He praised the strong will and supportive political decision from the highest level, “all factors that represent a solid and supportive base for foreign investment in Egypt”.

CAIRO: Delegates and representatives at the meeting.

The statement added that Kuwaiti businessmen conveyed to Sisi the greetings of HH the Amir and HH the Crown Prince, stressing that the meeting presents a great opportunity to strengthen the bonds of brotherhood and joint cooperation. Radi pointed out that Kuwaiti businessmen affirmed their aspiration to discuss the possibilities of maximizing cooperation between the two brotherly countries, with the availability of many promising fields and investment opportunities in Egypt, especially in the sectors of renewable energy, tourism, construction, real estate development, agriculture, industry and healthcare.

The Kuwaiti delegation also praised the remarkable qualitative leap witnessed by Egypt during the past years in all development sectors in the country in an unprecedented manner and in a record period of time, as well as for the close and regular personal follow-up of Sisi to the measures taken to facilitate the flow of investments to Egypt and all related measures. The meeting discussed the prospects of intensifying economic cooperation between the two countries to achieve common interests, while reviewing the plans of Kuwaiti businessmen to invest in Egypt or expand their existing projects in many fields. – KUNA

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