Kuwaiti Companies Seeking More Investments in Egypt

Lesson Brief Al Sharq Al Awsat
On February 3, Al Sharq Al Awsat reported that major Kuwaiti companies are looking to pump new investments into Egypt and to encourage other foreign companies to do the same. Such statements come on the heels of a visit to Kuwait by Egyptian PM Ibrahim al-Mahlab, during which the two governments exchanged pledges of bilateral economic initiatives and support. Among the major Kuwaiti companies investing in Egypt are telecommunications giant Zein and industry and tourism conglomerate Al Kharafi Group. The latter is planning to set up a Mitsubishi production plant in the country. The move shows confidence that the Egyptian government under President Sisi will be able to maintain stability.
RadarMasr

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