Kuwait is preparing to increase its investments in Egypt to $ 5.3 billion by the end of 2025, a 20% surge in total investment, according to informed government sources who spokes to Asharq Bloomberg.

 The move underscores Kuwait’s deepening economic ties with Egypt and its confidence in the country’s investment landscape.

In the long term, Kuwait is targeting $ 10 billion in total investments in Egypt, one of the sources confirmed. However, no specific timeline has been provided for achieving this target.

As part of this strategy, Kuwaiti investors are exploring the acquisition of stakes in state-owned Egyptian companies.

While the names of the companies have not been disclosed, the sources did not confirm whether they are part of the ten companies the Egyptian government has earmarked for strategic stake sales and listings on the Egyptian Exchange (EGX) in 2025.

Key investment sectors include pharmaceuticals, food security, tourism, agriculture, automotive manufacturing, banking, renewable energy, public transportation, and green hydrogen.

A significant portion of the funds will be directed toward tourism development projects on Egypt’s North Coast and Red Sea, with a focus on new hotel infrastructure.

Additionally, Kuwaiti investors have shown strong interest in Egypt’s airport privatization plans.

One source noted that Kuwait is closely monitoring progress as the International Finance Corporation (IFC) works with the Egyptian government on privatizing the management of 11 airports.

The agreement is expected to be finalized this month, with the IFC’s full plan to be released by July.