Egypt, Kuwait ties distinguished, time-tested at all levels: El-Sisi
Ajman Chamber of Commerce and Industry Kuwait Business Council eye closer co-op
CAIRO, April 22, (KUNA): Egyptian President Abdel-Fatah el-Sisi said on Sunday Egypt and Kuwait are tied with time-tested and distinguished relations at all levels.
While meeting with visiting Co-chairman of the EgyptianKuwaiti Cooperation Council Mohammad Al-Sager, el-Sisi said the council plays a significant role in the promotion of bilateral economic relations, Presidential Spokesman Bassam Radhi said in a statement.
During the meeting, the Egyptian president expounded on his country’s recent moves to launch economic reforms, provide an attractive investment atmosphere and promote business environment, the spokesman added.
El-Sisi reiterated Egypt’s resolve to wipe out any obstacles that could bug Kuwaiti investors, while underscoring the private sector’s weighty role in cementing bilateral economic and trade cooperation.
The spokesman quoted AlSager as extolling relations between both sisterly countries as “firm and peculiar”.
He highly acclaimed Egypt’s historical role in supporting Kuwait and the region, and safeguarding Arab security and stability, the Egyptian presidential spokesman noted.
Al-Sager pointed to Kuwaiti investors’ interest in boosting their investments in Egypt thanks to its remarkably improving investment atmosphere.
Ajman Chamber of Commerce and Industry and the Kuwait Business Council in Dubai and the Northern Emirates hammered out a MoU on Sunday, aiming at propping up bilateral cooperation.
The memo was signed by Ajman Chamber’s Investment and Business Development Chief Mohammad Al-Janahi and the Kuwaiti council’s chairwoman Luma Bourisly at the former’s premises.
Under the MoU, both sides shall promote mutual investment openings, share data and statistics, organize joint initiatives and stimulate institutions and individuals’ participation in international events and exhibitions.
Efforts should also be exerted in order to facilitate and exchange personnel visits and trade delegations and to organize joint meetings in presence of businessmen and entrepreneurs, according to the document.
Al-Janahi applauded the memo as the “fruit of earnest cooperation” between Ajman chamber and the Kuwaiti council, while stressing the latter’s role in the promotion of UAE-Kuwait cooperation.
He said in a press statement that his chamber attaches much attention to bolstering cooperation with all countries, primarily GCC member states.
On her part, Bourisly underlined the significance of the memo to the development of existing cooperation between the chamber and the council.
She said they had agreed to launch a set of joint activities and meetings with entrepreneurs from both sides attending.