The Minister of Investment and his Kuwaiti counterpart are discussing ways to enhance economic relations between the two countries

Eng. Hassan Al -Khatib, Minister of Investment and Foreign Trade, stressed the importance of strengthening joint efforts with the sisterly State of Kuwait to increase the rates of trade exchange between the two countries, which in 2023 amounted to about 3 billion dollars, noting that the Egyptian government is keen to attract more Kuwaiti investments to the Egyptian market that reach Currently, about 4.5 billion dollars, and benefit from distinguished investment opportunities in various productive and service sectors. The meeting is ways to enhance the joint economic relations between the two countries in various fields and at all levels. Customs, food safety, and agriculture. & Quot;, as well as in the field of cooperation between the chambers of commerce. As well as the measures and procedures that the Egyptian government is currently adopting related to financial, monetary and commercial policies aimed at facilitating investors and facilitating the movement of foreign trade for Egypt, with the aim of attracting more foreign investments to the Egyptian market and increasing inter -trade rates between the two countries.

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For his part, Khalifa Abdullah Al -Ajeel, Minister of Trade and Industry, stressed his country’s keenness to enhance the frameworks of joint economic, commercial and industrial cooperation between the two countries and translate the efforts of the two countries for concrete cooperation projects that are in the interest of Kuwaiti and Egyptian economies alike, noting the importance of benefiting from Committee on the joint commercial committee to advance economic relations between the two countries during the next stage.

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