Arab Times

Egypt, Kuwait ties distinguis­hed, time-tested at all levels: El-Sisi

Ajman Chamber of Commerce and Industry Kuwait Business Council eye closer co-op

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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.

 ?? KUNA photo ?? Egyptian President Abdel Fattah el-Sisi receives co-chairman of Egyptian-Kuwaiti cooperatio­n council.
KUNA photo Egyptian President Abdel Fattah el-Sisi receives co-chairman of Egyptian-Kuwaiti cooperatio­n council.
 ?? KUNA photo ?? Ajman Chamber of Commercean­d Industry and Kuwait Business Council sign a MoU.
KUNA photo Ajman Chamber of Commercean­d Industry and Kuwait Business Council sign a MoU.

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