Egyptian Prime Minister Dr. Moustafa Madbouli is scheduled to hold talks with his Kuwait counterpart Sheikh Jaber Al-Mubarak Al-Hamad Al-Sabah, who is currently visiting Egypt, on Monday to discuss boosting bilateral relations.
During the meeting, the duo is set to touch ways of fostering mutual cooperation in many fields.
They also will discuss the recent developments in the regional and international levels, in addition to the issues of mutual concern.
The two prime ministers will also witness the signing of a number of MoUs between the two brotherly countries.
The timing of the visit is also of great significance due to critical circumstances witnessed by the Middle East region, which calls for consultations and coordination between the two countries on the highest of levels.
It is noteworthy that relations between Egypt and Kuwait have been progressing since their establishment decades ago, as Sheikh Jaber Al-Mubarak’s visit aimed to foster ties to even new heights particularly at the economic and trade levels.
Kuwait is Egypt’s third largest Arab trading partner after Saudi Arabia and the UAE, with combined public and private sector’s investment of $15 billion, while 1,227 companies operating in sectors of industry, finance, real estate, tourism, services, agriculture and telecommunications.
The figures were confirmed by Deputy Prime Minister and Foreign Minister Sheikh Sabah Khaled Al-Hamad Al-Sabah following a meeting of Kuwait-Egypt higher committee meeting in Kuwait last December.
Egyptian exports to Kuwait between 2010-18 amounted to 984.2 million Kuwaiti Dinars (KD) (some $3.2 billion), while Kuwait exported KD 165.3 million ($$543 million) worth of products to the North African nation, said Kuwait statistics department. Kuwaiti Fund for Arab Economic Development (KFAED) is also contributing to development in Egypt, extending loans and grants to development projects in economic, social, agricultural, health and educational sectors.
The two nations shared a strong history especially during the 1967 and the 1973 wars against Israel when Kuwaiti and Egyptian troops stood side by side to defend Arab and Muslim integrity, said the Kuwaiti diplomat who also commended Egypt’s strong stance against Iraqi greed in Kuwaiti land especially during the August 2, 1990 invasion of Kuwait.
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