Monday, March 24, 2025
Kuwait is committed to investing $10 billion in Egypt, focusing on key sectors like tourism, infrastructure, and renewable energy, strengthening the bilateral partnership.
Kuwait’s increased investments in Egypt reflect its growing confidence in the country’s economic outlook and further strengthen the economic ties between the two nations.
Looking ahead to the future, Kuwait has set an ambitious target of expanding its total investments in Egypt to $10 billion. While this goal demonstrates a strong commitment, sources have indicated that a clear timeline for achieving this target has not yet been established.
As part of its broader investment strategy, Kuwaiti stakeholders are exploring opportunities to acquire stakes in Egyptian state-owned enterprises. However, it is not yet clear which specific companies are under consideration, nor whether they are among the ten firms designated by the Egyptian government for strategic sales and EGX listings in the coming year.
Kuwaiti interest spans a wide array of key sectors, including pharmaceuticals, food security, tourism, agriculture, automotive manufacturing, banking, renewable energy, public transport, and green hydrogen.
A significant portion of these upcoming investments will be directed toward developing tourism infrastructure, particularly along Egypt’s North Coast and Red Sea. This includes plans for new hotel projects aimed at boosting Egypt’s tourism industry.
Additionally, Kuwaiti investors are closely monitoring Egypt’s airport privatization program. Sources suggest that Kuwait is actively following the process as the International Finance Corporation (IFC) works with Egyptian authorities to privatize the management of 11 airports. The final agreement is expected to be signed within the month, with the full implementation of the IFC’s plan projected by July.
