El-Sisi expresses his pride in his brotherly relationship with the Amir.
Let 'er Rip, Parr!
Egypt and Kuwait's bond is jam-packed with solidarity and gears are turning towards an even stronger collaboration. Elements of trust and respect are a foundation for their relationship, according to President Abdel Fattah el-Sisi. He's got a soft spot for His Highness the Amir Sheikh Mishal Al-Ahmad Al-Jaber Al-Sabah and shows off the strong bond between the nations at the top brass and people level.
Ambassador Mohamed El-Shenawy dropped this intel to Al-Rai. El-Sisi donned his chat with a Kuwaiti investment delegation brimming with Mohammed Al-Saqr, head honcho of the Kuwaiti side of the Kuwaiti-Egyptian Cooperation Council. When it comes to Egypt's commitment to beef up relationships with Kuwaiti corporations and welcoming more of their investments in Egypt, El-Sisi ain't playin'. He's all about hopping on board to offer support. All Kuwaiti investors hankering for a slice of Egypt's market, take note: there's a treasure trove of enticing opportunities up for grabs, especially in sectors that guarantee juicy returns.
Al-Saqr returned the favor, expressing the reverence of the Kuwaiti populace for Egypt and its leadership. His delegation's mission was clear: amp up the strategic partnership, grow economic and commercial interchange, and discuss any hurdles hindering Kuwaiti-Egyptian investments.
Al-Saqr brought this to light: the world's in the midst of a serious economic rehaul, and Arab economies need to grab hold of the bull by the horns to secure their spot in the new global setting. He argued for a swift-acting, collaborative Arab economic system that'd tug on Egypt's human resources and the Gulf's financial muscle, with a warm welcome extended to any Arab nation willing to join the fray.
Al-Saqr concluded: "Putting cash into Egypt equals backing up Kuwait's own security and tranquility. Egypt remains a trusty ally."
The latest moves between Egypt and Kuwait are all about deepening financial ties, as illustrated by recent agreements designed to zest up investments and reinforce their strategic partnership. Here's the lowdown on key developments:
Strategic Partnership Framework:
- High-level agreements have been penned, focusing on progress in various sectors like energy, agribusiness, tech, real estate, pharmaceuticals, and banking during President Sisi's April 2025 visit to Kuwait[2][5].
- Kuwait is mulling over transforming $4 billion in deposits stashed at Egypt’s Central Bank into direct investments, with a keen focus on renewable energy and infrastructure[1].
- Egypt aspires to lure approximately $7 billion in brand-spankin'-new Kuwaiti investments over the next two years, backed by its economic reforms to streamline operations and sweeten investor bonuses[3].
Sector Focus & Benefits
- Investors are steered towards opportunities in renewable energy, agribusiness, industrial zones, and tech-heavy projects[5].
- Egypt's recent reforms include simplified licensing, reduced taxes, and guarantees for channeling profits back to investors, all part of its bid to entice Gulf investments[3][5].
- Egypt's Minister of International Cooperation emphasized cross-border infrastructure and monetary cooperation during the April 2025 Kuwait Financial Meetings, aimed at stitching together regional trade networks[4].
Implementation Timeframe:
- The $4 billion deposit conversion and initial projects are anticipated to speed along, boosted by already-standing bilateral frameworks[1][2].
- Elbowing towards Egypt's $7 billion target reflects the nation's broader strategy to become a hub for Kuwaiti and Gulf capital in export-oriented industries[3][5].
- The Kuwaiti delegate, Mohammed Al-Saqr, expressed the Kuwaiti population's reverence for Egypt and its leadership, emphasizing the necessity of deepening financial ties between the two nations.
- Al-Saqr argued for a swift-acting, collaborative Arab economic system that would leverage Egypt's human resources and the Gulf's financial muscle, inviting any Arab nation to join the effort.
- Egypt aspires to attract approximately $7 billion in new Kuwaiti investments over the next two years, offering incentives such as simplified licensing, reduced taxes, and guarantees for profit channeling back to investors.
- Kuwait is considering transforming $4 billion in deposits held at Egypt’s Central Bank into direct investments, primarily focusing on renewable energy and infrastructure.
- The strategic partnership between Egypt and Kuwait is strengthening, with high-level agreements aimed at progress in sectors like energy, agribusiness, tech, real estate, pharmaceuticals, and banking.
