Kuwaiti Prime Minister Sheikh Ahmed Abdullah Al-Ahmad Al-Sabah arrived in Cairo on Wednesday for talks aimed at strengthening bilateral cooperation in various economic sectors. He was greeted by his Egyptian counterpart, Mostafa Madbouly, at Cairo International Airport. The two leaders are scheduled to co-chair an expanded session to discuss shared interests and ways to enhance cooperation across fields.
Kuwaiti Prime Minister Sheikh Ahmed Abdullah Al-Ahmad Al-Sabah arrived in Cairo on Wednesday, where an official reception ceremony was held, including the playing of both countries' national anthems and an inspection of the guard of honour. According to a statement from Egypt's cabinet, the visit aims to strengthen bilateral cooperation in a range of economic sectors.
The two premiers are scheduled to co-chair an expanded session of talks on Wednesday to discuss files of common interest and ways to support and enhance bilateral cooperation in various fields. Kuwait ranks as the fifth-largest investor in Egypt overall and the third-largest among Arab nations, after the United Arab Emirates and Saudi Arabia. There are about 1,431 joint investment projects between the two countries, and the annual trade volume is around $3bn, according to previous data from Egypt’s state statistics agency, CAPMAS.
The visit is the latest in a series of high-level exchanges. Egyptian President Abdel Fattah Al-Sisi visited Kuwait in April, while Madbouly made an official visit to the Gulf state in February to discuss strengthening economic cooperation and Kuwaiti investments in Egypt. During Madbouly’s February visit, Kuwaiti officials expressed their readiness to implement several major industrial projects in fields including automotive, pharmaceuticals, engineering, and food industries, as well as injecting new investments into the real estate, ICT, and energy sectors, an Egyptian government official told Asharq. Madbouly promised Kuwaiti investors a “Golden Licence” for new factories that contribute to localising industry. The single-approval licence, which Egypt launched in 2023, covers the establishment, operation, and management of a project.