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Trade minister opens Egypt-Kuwait business forum in Cairo
3 October 2022  -  Organization :  -  Sector/Entity :  -  Category : General

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Samir has inaugurated, on behalf of the prime minister, the Egyptian-Kuwaiti Business Forum held on October 2-3.

Cairo- Oct 3, 2022

Minister of Trade and Industry Ahmed Samir has inaugurated today, on behalf of Prime Minister Mosatfa Madbouly, the Egyptian-Kuwaiti Business Forum, held in Cairo on October 2-3, with the participation of a host of businessmen from both countries,

“Egypt and Kuwait enjoy strategic economic ties, based on long-standing cooperation in a wide range of fields,” Samir said, stressing the key role played by the business community in further deepening mutual relations.

Samir added that both governments are keen on boosting joint investments, noting that Egypt boasts a business-friendly climate and a large scope of opportunities for fresh Kuwaiti capital.

“Bilateral trade grew 21% to hit $305 million last year, and amounted to $242 million in the first seven months of 2022,” he pointed out. Some 1,337 joint companies operate in the local market mainly in the finance and industrial sectors.

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