Egypt to launch economic partnership with Kuwait

GMT 19:02 2014 Wednesday ,25 June

Arab Today, arab today Egypt to launch economic partnership with Kuwait

Abdelhamid Al-Failakawi
Cairo - KUNA

 Egypt is desirous of launching a new strategic economic partnership with Kuwait that would result in palpable benefits to both countries, said an Egyptian official following the end of a one day economic meeting held here on Wednesday between Kuwait and Egypt.
The meeting today dealt with a gamut of economic issues regarding Egypt's economic status, including the best tacks Egypt should follow to resuscitate its infrastructure and energy sector as it paves the way for Kuwaiti investors, whether from public or private sectors, to achieve lucrative returns on their prospective investments in Egypt, said head of Egypt's team to the economic meeting ambassador Nasser Kamel, in a statement to KUNA.
He praised the Kuwaiti team to the meeting for their eagerness to listen to the Egyptian side's ideas and proposals, saying that a new economic partnership with Kuwait would usher in novel ways of bilateral cooperation of benefit to both societies.
Kuwait's team leader to the meeting, ambassador Abdelhamid Al-Failakawi, told KUNA that a wide range of topics were handled at the meeting including those on energy, electricity, and railways, among other things.
He vowed that the Kuwaiti side would study assiduously all the proposals and ideas that the Egyptian side suggested, affirming that today's meeting would not be the last but the start of a series of meetings in the future. He emphasized Kuwait's earnestness in supporting the Egyptian economy and expressed his appreciation to the notion of a new economic partnership between the two countries.

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