Kuwait Amb. to Egypt describes Pres. Al-Sisi's visit to Kuwait as historic

By Mohammad Al-Mutairi CAIRO, April 14 (KUNA) -- Kuwait's Ambassador to Egypt, Ghanem Al-Ghanem described on Thursday the upcoming visit of Egyptian President Abdulfattah Al-Sisi to Kuwait as historic, emphasizing that it comes at a time of great sensitivity for the region.
In a statement to KUNA today, Ambassador Al-Ghanem said the visit reflected the depth and strength of the bilateral relations between Kuwait and Egypt.
He added that the relationship was formally institutionalized following Kuwait's declaration of independence, with the exchange of ambassadors and the establishment of official diplomatic relations.
Cooperation has since expanded to include political, economic, cultural, and other areas under the framework of the Joint Higher Committee, which held its 13th session in Cairo last September, chaired by the foreign ministers of both countries.
The ambassador highlighted Egypt's longstanding support for Kuwait's independence and sovereignty, as well as its prompt recognition of Kuwait as a state and its support for its membership in the Arab League, and he praised the consistent alignment and coordination between the two countries on key regional and international issues.
Al-Ghanem also recalled landmark moments in the bilateral relationship, noting Kuwait's unwavering support for Egypt during the 1967 and 1973 wars, and Egypt's stance during the Iraqi invasion of Kuwait.
He emphasized that economic and trade relations have seen significant growth in recent years, with Egypt becoming a key destination for Kuwaiti investments in both the public and private sectors.
There are now over 1,000 Kuwaiti companies operating in Egypt, with investments exceeding USD 20 billion across sectors such as infrastructure, roads, tourism, and agriculture, making Kuwait Egypt's third-largest Arab trading partner.
The ambassador also highlighted the important developmental role of the Kuwait Fund for Arab Economic Development (KFAED) in Egypt, which has completed 50 projects in various sectors, and adding that new projects are currently being studied for future implementation.
He praised Egypt's recent economic reforms and legislative modernization, which have made it an attractive destination for foreign investment, noting the growing presence of major international companies in Egypt, as well as the increasing number of Kuwaiti private sector projects and companies operating in the Egyptian market in recent years. (end) mm.dss