Kuwait established itself as Egypt's third-largest Arab trade partner, trailing behind the United Arab Emirates and the Kingdom of Saudi Arabia
The value of Kuwaiti investments in Egypt has soared to $15 billion. Egyptian investments in Kuwait have amounted to $1.1 billion, underscoring the mutual confidence in each nation's economic potential. The bilateral trade exchange between the two countries stands at a commendable $3 billion per annum.
Kuwait established itself as Egypt's third-largest Arab trade partner, trailing behind the United Arab Emirates and the Kingdom of Saudi Arabia. Furthermore, Kuwait is ranked fifth globally among nations investing in Egypt, demonstrating its significant presence in the Egyptian market.
The remarkable growth in Kuwaiti investments is exemplified by the presence of 1,337 Kuwaiti companies operating in Egypt as of 2021. The private sector of Kuwait has invested a staggering $10 billion across various sectors, including tourism, financing, manufacturing, real estate, agriculture, information and communication technology (ICT), and services.
Of the 1,305 joint investments between Kuwait and Egypt, valued at $4.27 billion, the finance sector and the oil industry comprise 39.7% and 19.7%, respectively. Notably, 10.8% of Kuwaiti investments are in the industrial sector, while the remaining funds are distributed among the agricultural and retail sectors.
The bilateral trade relationship between Kuwait and Egypt has been flourishing, with expectations that the volume of non-oil trade exchange will reach an estimated $440 million by the end of this year. This projection further highlights the increasing commercial synergy between the two nations.
