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Kuwait FM in Cairo for 11th joint Egyptian-Kuwaiti Council meetings

Kuwaiti investments in Egypt are worth $4 billion, the Kuwaiti Emir said at last year's economic conference

Ahram Online , Tuesday 16 Feb 2016

Kuwaiti foreign minister and deputy prime minister Sabah Al-Khaled Al-Hamad Al-Sabah arrived in Cairo Monday with a top-level delegation to attend the 11th round of the Joint Egyptian-Kuwaiti Committee meeting.

The meeting, headed by the Kuwaiti FM and his Egyptian counterpart Sameh Shoukry, will discuss developments in the region and ways to strengthen cooperation.

The 10th meeting was held in Kuwait for three days in December 2014 and witnessed the signing of 12 agreements on cooperation in multiple areas such as taxation, maritime transport, and education.

The volume of trade exchange between Egypt and Kuwait was recorded at $2.876 billion in 2014.

At the Economic Development Conference in Sharm El-Sheikh last March, Kuwait said its investments in Egypt are worth $4 billion dollars.

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