ShareCAIRO: Kuwait’s Ambassador to Egypt Ghanem Al-Ghanem has described the visit of Egyptian President Abdulfattah El-Sisi to Kuwait as a historic milestone, emphasizing its significance amid ongoing regional challenges. In a statement to KUNA, Ambassador Al-Ghanem said the visit underscores the depth and strength of Kuwaiti-Egyptian relations, which have been marked by close coordination and mutual respect since the early days of Kuwait’s independence.
He noted that diplomatic relations between the two nations were formally established shortly after Kuwait’s independence, with the exchange of ambassadors and the opening of embassies laying the groundwork for a solid and enduring partnership. Over the years, bilateral cooperation has expanded across multiple fields—including political, economic, cultural, and developmental spheres—within the framework of the Joint Higher Committee, which convened for its 13th session in Cairo last September under the chairmanship of the two countries’ foreign ministers.
Ambassador Al-Ghanem also highlighted Egypt’s early and unwavering support for Kuwait’s sovereignty, recalling its prompt recognition of the newly independent state and its backing of Kuwait’s membership in the Arab League. He praised the ongoing alignment between the two countries on key regional and international issues, describing their cooperation as consistent and strategic. Reflecting on historical milestones in the relationship, the ambassador pointed to Kuwait’s support for Egypt during the 1967 and 1973 wars, and Egypt’s principled stance during the Iraqi invasion of Kuwait in 1990.
He further noted the growing strength of economic and trade ties, with Egypt emerging as a leading destination for Kuwaiti investments. More than 1,000 Kuwaiti companies are currently active in Egypt, with investments exceeding $20 billion in sectors such as infrastructure, roads, tourism, and agriculture. Kuwait now ranks as Egypt’s third-largest Arab trading partner. The ambassador also praised the developmental role played by the Kuwait Fund for Arab Economic Development (KFAED), which has completed 50 projects across various sectors in Egypt. He revealed that new projects are currently under review for future implementation.
Al-Ghanem lauded Egypt’s recent economic reforms and modernization of its legislative framework, which have enhanced its appeal to foreign investors. He noted the growing presence of international firms in the Egyptian market and the steady rise of Kuwaiti private sector ventures across the country. He concluded by expressing optimism that President El-Sisi’s visit would further solidify the strong historical ties between the two nations and open new avenues for strategic cooperation. — KUNA
