Egypt is seeking to double its trade volume with Kuwait to more than $1 billion in 2026, up from $507 million in 2023, as the two nations prepare to sign a series of agreements aimed at strengthening economic ties across multiple sectors, from tourism and energy to infrastructure and communications.
Egyptian Prime Minister Mostafa Madbouly is expected to sign several bilateral agreements and memoranda of understanding with his Kuwaiti counterpart Sheikh Ahmad Abdullah Al-Ahmad Al-Sabah during the latter’s visit to Cairo, according to a senior Egyptian government official who spoke to Bloomberg.
These agreements are set to cover agriculture, higher education, renewable energy, defense, judiciary cooperation, telecommunications, civil aviation, banking, and automotive manufacturing, as Egypt continues its push to localize vehicle production domestically.
Egypt’s main exports to Kuwait include vegetables, fruits, ready-made garments, cocoa products, and electrical appliances, while its imports from Kuwait largely consist of fuels, mineral oils, petrochemical products, organic chemicals, and plastics.
To achieve its ambitious trade target, both governments are banking on expanding joint investments, particularly in food industries, pharmaceuticals and medical supplies, clean energy, and automotive production.
There are currently 1,431 joint investment projects between Egypt and Kuwait. Kuwait ranks fifth globally and third among Arab nations, after the UAE and Saudi Arabia, in terms of total investments in Egypt.
Over the past three years, Kuwaiti investments in Egypt have totaled around $1.2 billion, while bilateral trade reached $507 million in 2023.
According to the government official, Kuwait is preparing to inject roughly $1 billion into Egypt before the end of 2025 under previously signed agreements. The two prime ministers are also expected to finalize a new investment package worth up to $6.5 billion through the end of 2026, spanning key sectors including energy, infrastructure, and manufacturing.
The renewed economic momentum follows Egyptian President Abdel Fattah El-Sisi’s visit to Kuwait in April, where he met with senior Kuwaiti officials to discuss broadening investment cooperation and identifying new areas of partnership.
The upcoming agreements mark a significant milestone in Egypt–Kuwait relations, reflecting a shared determination to diversify and modernize economic collaboration while building on decades of political and financial partnership between the two nations.
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