{"id":662705,"date":"2025-03-20T00:00:00","date_gmt":"2025-03-20T00:00:00","guid":{"rendered":"https:\/\/enterpriseam.com\/egypt\/2025\/03\/20\/kuwait-to-ramp-up-investments-in-egypt-by-20-this-year\/"},"modified":"2025-03-20T00:00:00","modified_gmt":"2025-03-20T00:00:00","slug":"kuwait-to-ramp-up-investments-in-egypt-by-20-this-year","status":"publish","type":"post","link":"https:\/\/enterpriseam.com\/egypt\/2025\/03\/20\/kuwait-to-ramp-up-investments-in-egypt-by-20-this-year\/","title":{"rendered":"Kuwait to ramp up investments in Egypt by 20% this year"},"content":{"rendered":"

Good afternoon, friends, and congratulations on another week successfully completed.<\/strong> We\u2019re winding down for the weekend, but the headlines are heating up. This issue is packed with news of Kuwaiti investments in Egypt, the relationship between wealth and wellbeing, and decision fatigue in our age of overwhelming options. <\/p>\n

But don\u2019t let that distract you from what\u2019s important. Happy Mother\u2019s Day to all the moms <\/strong>out there \u2014 honorary and otherwise.<\/strong><\/p>\n

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THE BIG STORY TODAY<\/p>\n

Kuwait <\/strong>is planning a significant boost to its investments here:<\/strong> Kuwait is set to ramp up its investments in Egypt by 20% to USD 5.3 bn this year, with the Gulf nation planning to funnel a total of over USD 10 bn into a number of local sectors over the coming years, Asharq Business<\/a> reports, citing two anonymous government sources. <\/p>\n

Where\u2019s the money going?<\/strong> Sectors targeted by the anticipated Kuwaiti investments include pharma, food security, tourism, agriculture, automotive manufacturing, banking, renewable energy, public transportation, and green hydrogen. A portion of the investments will be directed into Kuwaiti tourism projects in the North Coast and the Red Sea region.<\/p>\n

REMEMBER- <\/strong>Prime Minister Moustafa Madbouly presented<\/a> a number of potential investments to Kuwaiti Prime Minister Sheikh Ahmed Al Sabah during his official visit to the Gulf nation in late February. These included projects in the agriculture and pharma sectors and in the North Coast and the Red Sea.<\/p>\n

Kuwait is also eyeing assets slated for privatization:<\/strong> Kuwait aims to acquire stakes in government-owned companies enlisted in the privatization program as well as to compete for Egyptian airport management contracts, according to the news outlet.<\/p>\n

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THE BIG STORY ABROAD-<\/p>\n

Trump\u2019s call with Zelenkyy is plastered across front pages in the foreign press this <\/strong>afternoon<\/strong>:<\/strong> US President Donald Trump and Ukrainian President Volodymyr Zelenskyy yesterday agreed to work towards ending Russia\u2019s war on Ukraine during a phone call<\/a> that was described<\/a> as \u201cvery good\u201d by Trump and \u201cvery substantive\u201d by his Ukrainian counterpart. <\/p>\n

The details:<\/strong> The two leaders agreed on a partial ceasefire against energy infrastructure, with plans to dispatch technical teams to Saudi Arabia in the coming days to discuss extending the ceasefire to the Black Sea, according to a statement<\/a> from the White House. Zelenskyy also requested additional air defense systems, which Trump promised to help secure from Europe. The conversation follows a previous call<\/a> this week between Trump and Russian President Vladimir Putin during which the latter rejected a proposed 30-day ceasefire but agreed to halt strikes on energy and infrastructure facilities.<\/p>\n

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