During the talks, Madbouli expressed appreciation for the warm reception of the Kuwaiti prime minister, saying that he is looking forward to enhancing economic relations between the two countries and elevating them to the level of the close ties between the political leaderships.

He invited Sabah to visit Egypt shortly and expounded efforts of the Egyptian government in the field of economic reform, creating a favorable investment climate and attracting further foreign direct investment.

The economic reform program gave a top priority to promoting the role of the private sector by setting a ceiling for public investments, with a view to to bringing private sector investments up to 65 percent of state's total investments, Madbouli said.

The premier added that "the ratio of private sector investments has currently reached 60 percent."

Meanwhile, Madbouli reviewed a number of promising investment opportunities in various sectors and the locations of these projects in a number of governorates across the country.

He reviewed the government's efforts to facilitate procedures for investors through many facilitations, including the "golden license," which is issued by the Cabinet to facilitate the procession of projects of top priority.

Madbouli shed light on the government's efforts to cut down on external debt and improve macroeconomic indicators. (MENA)
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