Sheikh Meshal Al-Ahmad Al-Jaber Al-Sabah instructed for augmented cooperation and investment with Egypt in a meeting with PM Mostafa Madbouly. The leaders discussed opportunities for collaboration, with an invitation from Egypt for the Emir to attend the Arab Summit. Both sides reaffirmed their commitment to boosting bilateral relations and addressing regional challenges.
The Emir of Kuwait, Sheikh Meshal Al-Ahmad Al-Jaber Al-Sabah, has mandated increased cooperation and investment with Egypt following a meeting with Egyptian Prime Minister Mostafa Madbouly at the Amiri Diwan (Bayan Palace). The Emir acknowledged Egypt’s crucial contributions toward Kuwait’s development and proposed the expansion of collaborative ventures between the two nations.
Furthermore, Sheikh Meshal emphasized the importance of investments, which were echoed during a meeting with Kuwaiti Crown Prince Sheikh Sabah Khaled Al-Sabah. The discussions reflected the robust bilateral relations, investment potential, and regional coordination strategies between Egypt and Kuwait.
Madbouly conveyed greetings from President Abdel Fattah Al-Sisi and extended an invitation for the Emir to attend the upcoming Arab Summit in Cairo on March 4, to which the Emir expressed his intent to participate. The Prime Minister affirmed Egypt’s dedication to fostering a supportive environment for Kuwaiti investors despite regional challenges.
Kuwaiti Crown Prince Sheikh Sabah Khaled Al-Sabah praised Egypt’s efforts in nurturing Arab unity and commended the impending Gaza reconstruction plan. Madbouly reiterated Egypt’s commitment to Palestinian rights and stressing the necessity of a unified Arab position ahead of the summit.
In discussions at the Bayan Amiri Palace, both leaders focused on enhancing bilateral cooperation across various sectors. Sheikh Ahmad Abdullah Al-Ahmad Al-Sabah underscored the significance of collaborative efforts in increasing trade and welcomed enhanced Kuwaiti involvement in Egypt, particularly in banking and investment.
Madbouly recognized the warm hospitality he received and emphasized the importance of economic relations. He underscored the Egyptian government’s commitment to economic reform initiatives aimed at boosting foreign direct investment (FDI) and improving the investment climate.
The Prime Minister stated, “The goal is to reach a point where private sector investments account for 65% of total investments, and we have already reached 60%.” He detailed Egypt’s strategies to simplify investment procedures, including facilitating the issuance of a “Golden License” for priority projects.
While discussing economic challenges due to regional crises, Madbouly advocated for the timely assembly of the joint business council to promote bilateral investment. He also emphasized the role of Egyptian companies in executing projects within Kuwait and presented lucrative investment opportunities across various Egyptian sectors.
In summary, the recent meeting between the Emir of Kuwait and Egyptian Prime Minister Mostafa Madbouly underscored a mutual commitment to strengthen bilateral ties and investment opportunities. Both leaders recognized the importance of cooperation in various sectors, with a focus on enhancing economic relations and promoting stability in the region. The discussions also highlighted the fruitful collaboration between the two nations in fostering growth and development.
Original Source: www.dailynewsegypt.com
