Al-Sisi promises less red tape for Kuwaiti prospective investors

GMT 18:43 2015 Tuesday ,06 January

Arab Today, arab today Al-Sisi promises less red tape for Kuwaiti prospective investors

Kuwait - KUNA

Egyptian President Abdelfatah Al-Sisi noted in a meeting on Tuesday with the Kuwaiti media his country's penchant for encouraging Kuwaiti investments in Egypt through, among other things, reducing sharply red tape or any existing impediments that might stand in the way of Kuwaiti investors.
In a meeting with Acting Chairman and Director General of Kuwait News Agency (KUNA) Abdul-Hameed Malek and Editors-in-Chief of Kuwaiti newspapers, President Al-Sisi stressed that his country had put in place a special approach or procedure to assist investors in concluding their applications for investment in Egypt in a matter of days.
The Egyptian President applauded the great role played by His Highness the Amir Sheikh Sabah Al-Ahmad Al-Jaber Al-Sabah in promoting amity and harmony among Arab states and in filtering out differences among them.
President Al-Sisi extoled the "firm and historic" ties between his country and Kuwait, and emphasized the imperative that all Arab countries strive for joint Arab work and cooperation.
He considered that the stability of Egypt reflected directly on that of the Arab region and underlined the importance of the economic conference Egypt was organizing in March in the city of Sharm El-Sheikh for the purpose of attracting Arab and foreign investments in his country.
The president emphasized the role the media and youth play in Arab societies, saying the media helped in disseminating stability in the region, and the youth offered energy, knowledge, and enthusiasm as building blocks for a progressive and prosperous Arab society.
KUNA's Acting Director General and Editors-in-Chief of the Kuwaiti newspapers praised the visit of the Egyptian President as one that would boost security, peace, and stability in the region and lauded the great progress Egypt has achieved in the last six months since President Al-Sisi assumed the reins of power.

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