Abdelatty said his current visit to Kuwait is not merely political, but also has economic goals, expressing an interest in attracting more Kuwaiti investments to Egypt.

Reviewing Egypt’s recent comprehensive economic reforms and ambitious plans to lure more direct investments, the minister emphasized the importance the government attaches to promoting private sector engagement in driving economic growth.

He also touched upon the government’s measures to iron out any obstacles facing investors and create a business-friendly environment, asserting Egypt’s interest in furthering food security cooperation.

Abdelatty urged Kuwaiti investors in oil, gas and petrochemical industries to do business in Egypt, especially in light of their extensive expertise in these fields.

He underlined the need to activate the role of Egypt-Kuwait business council, hold joint investment forum, and boost the activity of Egyptian companies in Kuwait to support the development and modernization efforts in the sisterly Arab country, making use of the broad experience these companies had recently gained from their participation in implementing national development projects in Egypt.

Abdelatty also stressed the importance of exploring trilateral cooperation opportunities in Africa.

He said his recent talks with his Kuwaiti counterpart had focused on implementing the directives of President Abdel Fattah El Sisi and the Emir of Kuwait to bolster bilateral relations, and following up on the outcomes of the activities of the Joint Higher Committee for cooperation in the political, economic, commercial, educational, consular and cultural fields. The committee convened its 13th session in Cairo in September.

The talks also addressed the implementation of the memorandums of understanding (MoUs) and cooperation programs signed during committee’s last session, and preparing for the 14th session to be held in Kuwait, the minister noted.

The talks also covered the latest developments in the Middle East, especially the Israeli aggression in Gaza and Lebanon, the need to reach an immediate and permanent ceasefire and work on de-escalating the regional situation to prevent an all-out war in the region, Abdelatty said.

The situation in the Red Sea and its impacts on global maritime trade also figured high during the talks, Abdelatty pointed out during news briefing. (MENA)

M A A/S R E