Egyptian President Abdel Fattah El-Sisi stressed the "deepness of the historical and present relations between Egypt and Kuwait," stressing that "the doors of all Egyptian officials are open to Kuwaiti investors."
During his meeting with a high-ranking Kuwaiti economic delegation headed by the Chairman of the Board of Directors of the Chamber of Commerce and Industry Muhammad Jassem Al-Saqr, El-Sisi stressed Egypt's aspiration to develop economic and commercial cooperation relations with Kuwait, especially the community of Kuwaiti businessmen and Kuwaiti companies and the development of their investments in Egypt, against the background of various investment opportunities in all development sectors.
El-Sisi pointed to the modern infrastructure that Egypt enjoys throughout its geographical area, both with regard to energy supplies, the transport network, modern roads, and ports, as well as the advanced legislative framework for the investment process, he praised the strong will and the supportive political decision at the highest levels, which are all factors that represent a solid and supportive base for foreign investment in Egypt.
He stressed that "Egypt's legislative structure encourages attracting foreign investors, while the infrastructure is prepared for the establishment of major projects in various fields such as energy, gas, ports, roads, and airports."
For his part, the head of the Chamber of Commerce and Industry, Muhammad Al-Sager, said that “the Kuwaiti private sector, like the public sector, views investment in Egypt as an investment in the future of the entire nation, it never asks for special incentives or exceptional support. Rather, all it asks for is an encouraging investment environment, based on sound economic standards and an adequate, transparent and fair infrastructure and institutional structure, and to be treated as a partner on an equal footing with his fellow citizens in terms of effort, money, results and social responsibility.”
Al-Sager pointed out that if the development of legislation is definitely necessary, the stability of the legislation and respect for the rights and duties that it establishes, is also and definitely an imperative.
Source (Al-Rai Kuwaiti Newspaper, Edited)
