Egyptian Foreign Minister Badr Abdelatty and his Kuwaiti counterpart Abdullah Al Yahya co-chair the 13th session of the Egypt-Kuwait Joint Committee in Cairo, 12 September, 2024. Photo: Kuwaiti Foreign Ministry
The session, which marked a pivotal moment in the Egyptian- Kuwaiti relations, concluded with the signing of ten memoranda of understanding (MoUs) across various sectors, according to the Egyptian foreign ministry’s statement.
Earlier Thursday, during a meeting, FM Abdelatty emphasized to his Kuwaiti counterpart Cairo's keenness to deepen cooperation with Kuwait in enhancing Gulf security as a crucial dimension in Egyptian national security.
Abdelatty outlined to Al-Yahya investment incentives offered to Arab and international investors under Egypt's Investment Law and its regulations.
He stressed Cairo’s desire to attract more Kuwaiti capital and assure Kuwaiti investors of a supportive business environment.
FM Abdelatty also expressed of Egyptian citizens living and working in the Gulf state, who are estimated at 500,000.
In 2020, trade exchange between both countries reached $364 million.
Kuwaiti public sector’s investments in Egypt amounted to $5.4 billion and the Kuwaiti private sector’s investments exceeded $10 billion, according to Kuwaiti figures.
Regional Crises
During their meeting, Abdelatty and Al-Yahya agreed on the need for reaching an immediate ceasefire in the Israeli war Gaza war with the exchange of Israeli captives and Palestinian prisoners.
They also demanded unrestricted access for humanitarian and medical aid to the Gaza Strip.
Both sides condemned ongoing Israeli escalations in Gaza and the West Bank, which push the region towards further violence, according to the statement.
They reiterated their firm rejection to any plans that might displace Palestinians from their homeland.
They also agreed on rejecting lies repeated by the Israeli side to justify the Israeli occupation of the Philadelphi corridor along the Egypt-Gaza borders.
The Egyptian and Kuwaiti top diplomats also agreed that a comprehensive and lasting peace in the region hinges on ending the Israeli occupation and establishing an independent Palestinian state along the 1967 borders, with East Jerusalem as its capital.
For his part, the Kuwaiti foreign minister expressed appreciation for Egypt’s collaborative efforts with Qatar and the US to reach a ceasefire deal in Gaza, according to the statement.
Other regional concerns
Discussions between the top diplomats also encompassed broader regional issues, including crises in Lebanon, Libya, Sudan, Yemen, and the situation in the Horn of Africa.
Abdelatty and Al-Yahya underscored the importance of securing international navigation in the Red Sea and the water security of Egypt and Sudan.
They also reiterated their mutual support in confronting any challenges that might threaten their national and water security, territorial integrity, and regional borders.
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