Kuwait is in discussions with the government to soon put into action a planned USD 3 bn investment package, two government sources told EnterpriseAM. Negotiations between both parties are ongoing, with the two sides expected to reach an agreement on the first tranche of the planned investment before the end of 2025 or in 1Q 2026.

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The Gulf nation is interested in investing across multiple sectors – not just real estate development, which has dominated bit-ticket investment flows incoming from the GCC. Kuwait is taking an interest in our ports, logistics infrastructure, industry, and renewables, we were told.

It may also play a part in our airport privatization push, with officials from the country having expressed interest in the first offering currently being prepared in collaboration with the International Finance Corporation (IFC) and expected to be launched before the end of the year.

REMEMBER- The IFC unveiled a list of 11 Egyptian airports slated for development through public-private partnerships back in March. Hurghada International Airport will serve as a pilot project for the program. Civil Aviation Minister Sameh Elhefny earlier this year said that the government will launch the tender to select a strategic private partner for maintaining, operating, and upgrading the Hurghada International Airport next February.

The investments will be partly funded by converting deposits it holds in Egypt’s central bank, in addition to direct investments into industrial and banking assets, data centers, and various industries, our sources told us.

This has been in the works for a while: Kuwait has been in talks over turning the USD 4 bn of deposits it holds in Egypt’s central bank into direct investments across several sectors since October 2024.

Kuwait is also capitalizing on Egyptian debt: Earlier this year, Kuwait Finance House fully subscribed to Egypt’s USD 1 bn sovereign sukuk issuance.

Gulf investors ❤️ Egypt: The news of fresh Kuwaiti investments comes only days after Qatar inked an agreement to set up a USD 29.7 bn North Coast project, as part of a wider USD 7.5 bn direct investment package. Meanwhile, Saudi Arabia is planning to convert some of its USD 10.3 bn in deposits into investments.

REMEMBER- Egypt is working toward attracting USD 42 bn in net FDI this fiscal year, with plans to increase that figure to USD 55 bn in FY 2028-2029.

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