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Egypt keen on boosting economic ties with Kuwait
Published in The Egyptian Gazette on 22 - 04 - 2018

CAIRO, April 22, 2018 (MENA) - President Abdel Fattah El Sisi has stressed on Sunday the importance of co-operation with Kuwaiti investors to eliminate obstacles hindering investments in the Egyptian market.
During a meeting on Sunday with Mohamed Jassem Al-Sager, head of Kuwait's side to the Egypt-Kuwait Cooperation Council in the presence of Minister of Trade and Industry Tariq Qabil, the president highlighted the role of the private sector in promoting economic cooperation between Egypt and Kuwait to achieve mutual benefits.
Presidential spokesman Bassam Rady said that the president asked the Kuwaiti official to convey his greetings to Emir of Kuwait Sheikh Sabah Al Ahmed Al Sabah, praising the two countries' relations and ties between Egypt and the Gulf Cooperation Council (GCC).
According to the spokesman, the Kuwaiti official conveyed to the president the best regards of the Kuwaiti emir and praised Egypt's role in achieving security and stability in the region.
Rady also said the meeting dealt with the Egyptian-Kuwaiti council's role in boosting economic and investment ties between both countries and reviewed preparations for holding the Egypt-Kuwait Cooperation Council forum in Kuwait in November.
They discussed the mega national projects currently being implemented across Egypt, including in the Suez Canal Zone and Sinai, where these projects generate various promising investment opportunities in all sectors. The president emphasized Egypt's commitment to continuing to engage with Kuwaiti investors to eliminate any impediments they might face. He also stressed the importance of the private sector's role in bolstering economic and trade relations between Egypt and Kuwait to serve their common interests.
Both sides agreed on the importance of the forum's role in enhancing communication and interaction between businessmen in Egypt and Kuwait and reviewing investment opportunities in both countries so as to promote economic partnership and implement new joint ventures.
Al-Sager reiterated the robust and special characteristics of the two countries' relations and valued Egypt's historic role in support of Kuwait as well as its key role in the region. He also said that Egypt is a cornerstone for security and stability in the Arab world and commended president Sisi's successful visit to Kuwait last year, which ushered in a new phase in bilateral cooperation that shall yield positive impact on the two countries' economies.
He affirmed the keenness of Kuwaiti businessmen on increasing their investment in Egypt, given the significant progress in its business climate. He lauded as well the economic reform measures that the Egyptian government has taken and said that his country looks forward to the convening of the next Egypt-Kuwait Cooperation Council meeting, in light of the opportunities that these meetings offer to explore new joint projects in Egypt.


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