Egypt and Kuwait agreed on Sunday on means to ensure security and stability across all Arab countries.
Emir of Kuwait Sheikh Meshal Al-Ahmad Al-Jaber Al-Sabah received Egyptian Prime Minister Mostafa Madbouly at in Kuwait to discuss issues of mutual interest.
Madbouly handed Sheikh Meshel an invitation from President Abdel Fattah al-Sisi to attend the Arab summit in Cairo on March 4.
Sheikh Meshal said Kuwait and Egypt share similar views on regional security and stability, emphasizing that Egypt’s stability directly impacts Kuwait’s.
He noted that all support Kuwait extends to Egypt ultimately serves the interests of both nations. He has instructed his government to boost cooperation with Egypt in key areas, including increasing Kuwaiti investments in the country.
For his part, Madbouly reaffirmed Egypt’s commitment to supporting Kuwaiti investors and fostering a favorable business environment despite regional challenges. He also expressed Cairo’s gratitude for Kuwait’s longstanding support and its reform efforts.
Madbouly also met with Crown Prince Sheikh Sabah Khaled Al-Sabah for talks on enhancing bilateral cooperation.
The crown prince praised Egypt’s leadership in wisely addressing Arab issues and its contributions through initiatives that bring the Arab nation together despite ongoing regional challenges.
Moreover, he highlighted the numerous bilateral agreements between Egypt and Kuwait in various fields.
He stressed the importance of reaching a unified Arab plan for Gaza’s reconstruction at the upcoming Arab summit, urging coordination to serve the best interests of Arab nations.
Egypt will host an emergency Arab summit on March 4 to discuss plans to rebuild the Gaza Strip without displacing its Palestinian inhabitants. The summit follows a proposal by US President Donald Trump to take over Gaza and resettle its Palestinian inhabitants to develop it into what he called “the Riviera of the Middle East.”
During his meetings, Madbouly stressed Egypt’s commitment to supporting the legitimate rights of the Palestinian people, particularly their right to establish an independent state along the 1967 borders, with East Jerusalem as its capital.
He reiterated Cairo's stance on the urgency of rebuilding Gaza without deporting the Palestinians. Moreover, the PM emphasized the importance of a unified Arab stance that would ensure security and stability are established across all Arab countries and end the ongoing regional crises.
Also on Sunday, Kuwait’s Prime Minister Sheikh Ahmad Abdullah Al-Ahmad Al-Sabah and Madbouly held official talks aimed at deepening bilateral cooperation in various sectors.
Sheikh Ahmad stressed the importance of increasing trade exchange to reflect the strong political ties between the two countries and expressed interest in expanding Kuwaiti banking and investment activities in Egypt.
In return, Madbouly outlined Egypt’s economic reform efforts aimed at improving the investment climate and attracting more foreign direct investment.
Egypt’s economic strategy prioritizes private sector participation, with a target of increasing private investments to 65% of total investments, up from the current 60%, he revealed.
He underscored his country’s efforts to streamline investment procedures, including the introduction of the “Golden License,” issued directly by the Cabinet to facilitate priority projects.
Madbouly addressed the impact of regional crises on Egypt’s economy, particularly on Suez Canal revenues, which have been significantly affected.
He also called for the swift convening of the Egypt-Kuwait Joint Business Council to boost private sector collaboration.
Developments in the Red Sea and regional crises have cost Egypt around $7 billion in revenues from the Suez Canal in 2024, Sisi had previously revealed.
