Kuwaiti Emir Sheikh Meshal Al-Ahmad Al-Jaber Al-Sabah met with Egyptian Prime Minister Mostafa Madbouly, calling for enhanced cooperation and increased investments between the two nations. Both leaders acknowledged the strategic importance of bilateral relations and discussed significant investment opportunities in various sectors, emphasizing collaborative efforts, particularly in light of regional challenges.
The Emir of Kuwait, Sheikh Meshal Al-Ahmad Al-Jaber Al-Sabah, has instructed his government to enhance cooperation with Egypt and increase investment partnerships. This directive was presented during a meeting with Egyptian Prime Minister Mostafa Madbouly at the Amiri Diwan in Bayan Palace. The Emir recognized Egypt’s valuable contributions, particularly in sending experts for Kuwait’s development across various sectors, and encouraged stronger collaboration between the two nations.
Further discussions involved Kuwaiti Crown Prince Sheikh Sabah Khaled Al-Sabah, who also received Prime Minister Madbouly to explore opportunities for bilateral cooperation. The meeting underscored the strong ties between Egypt and Kuwait, focusing on investment prospects and coordinated efforts in the region. 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, which was warmly accepted.
Madbouly assured his commitment to foster a conducive business environment for Kuwaiti investors, asserting Egypt’s dedication to creating more investment opportunities even amidst regional challenges. Moreover, he expressed gratitude for Kuwait’s consistent support and its ongoing reform initiatives. Kuwait’s Crown Prince also acknowledged Egypt’s crucial role in maintaining Arab unity and expressed anticipation regarding Egypt’s reconstruction plans for Gaza.
The discussions culminated in a formal session led by Madbouly and Kuwaiti Prime Minister Sheikh Ahmad Abdullah Al-Ahmad Al-Sabah, which aimed to enhance cooperation across various fields. Sheikh Ahmad highlighted the necessity of collaboration between the two governments to boost trade, stressing the importance of integrating Kuwaiti banks and investments in Egypt, particularly in areas of drug manufacturing and food security.
Prime Minister Madbouly conveyed his appreciation for the hospitality received and expressed a commitment to strengthen economic relations. He emphasized Egypt’s significant progress in economic reforms, targeting a substantial increase in private sector investments to 65% of total investments while already reaching 60%. He presented an array of promising investment opportunities across diverse sectors in Egypt.
Madbouly elaborated on the government’s initiatives to streamline investment processes, including a potential “Golden License” to expedite project approval. He also detailed efforts to manage external debt while improving macroeconomic conditions, contributing to a robust economy. Additionally, he remarked on the adverse effects of regional crises on economic metrics such as Suez Canal revenues and expressed a strong desire for the swift establishment of a joint business council between Egypt and Kuwait.
In conclusion, the meeting between Emir Sheikh Meshal Al-Ahmad Al-Jaber Al-Sabah and Prime Minister Mostafa Madbouly reflects the commitment to strengthening cooperation and investment between Kuwait and Egypt. Both leaders recognized the significance of collaboration in various sectors, particularly amidst regional challenges. The discussions showcased a mutual interest in enhancing business environments, emphasizing the potential for growth and unity in the Arab world, especially ahead of the upcoming Arab Summit.
Original Source: www.dailynewsegypt.com
