Al-Kuwait: 1,800 Kuwaiti companies invest in Egypt
The Investment Companies Union, in cooperation with the Commercial Representation Office of the Egyptian Embassy in Kuwait, organized a virtual seminar that brought together economic and investment leaders from Kuwait and Egypt. The event aimed to highlight developments in the Egyptian market and the reforms it has undergone, showcase available investment opportunities and products, and open new horizons for cooperation between the investment communities of the two countries.
The seminar saw the participation of approximately 50 figures, including leaders and specialists from Kuwait’s investment and financial sectors, alongside Mohamed Aboulwafa, Egypt’s Ambassador to Kuwait; Abdullah Al-Turkiet, Chairman of the Board of Directors of the Investment Companies Union; Omar Radwan, Chairman of the Board of Directors of the Egyptian Exchange; Commercial Counselor Nashwa Salah, Director of Investment Promotion Affairs at the Egyptian Commercial Representation Agency; and Commercial Counselor Essam Barqa, Head of the Commercial Office at the Egyptian Embassy in Kuwait.
Abdullah Al-Turkiet emphasized that the seminar aligns with the Union’s role in opening direct channels for investment companies and investors in Kuwait to explore opportunities in regional markets and engage with decision-makers and economic and financial institutions within them.
He noted that Egypt represents a significant market and a key economic and investment partner for Kuwait, pointing out that more than 1,800 Kuwaiti companies are currently investing in Egypt. This reflects the confidence Kuwaiti investors place in the Egyptian economy, and he affirmed that the coming phase holds vast potential to enhance cooperation and build new partnerships between institutions and investment companies in both countries.
For his part, Omar Radwan outlined the developments witnessed by the Egyptian market in recent periods, noting that the stock market’s capitalization has surpassed 4 trillion Egyptian pounds ($83 billion), coinciding with trading indices reaching record levels.
He highlighted that more than 385,000 new accounts have been added to the Egyptian Exchange since the beginning of the year, with daily transactions exceeding 300,000 operations and daily trading volumes surpassing 15 billion Egyptian pounds. He considered these indicators as evidence of an expanding investor base and increased awareness and interest in the investment tools available in the market.
Radwan also presented a range of financial instruments and products that the Exchange is working to develop and diversify, including derivatives, sukuk, bonds, index funds, and the carbon market. These initiatives aim to meet the needs of various investor segments and enhance the market’s capacity to attract both local and foreign investments.
In his turn, Mohamed Aboulwafa affirmed that the distinguished relations between the two countries form a strong foundation for further development, expressing his hope that economic and investment cooperation would match the depth of the political and fraternal ties between Kuwait and Egypt.
He called on Kuwaiti investment companies to increase their investments in Egypt, expand and diversify the base of these investments, and strengthen the presence of Kuwaiti investment institutions across various sectors. He encouraged them to take advantage of the opportunities offered by the Egyptian economy and to engage in direct dialogue with Exchange leaders and relevant officials to evaluate these opportunities on clear economic and investment grounds.
In the same context, Commercial Counselor Nisaa Salah emphasized that Kuwait-Egypt economic relations represent a model of partnership based on mutual interests, noting that the volume of trade between the two countries rose to approximately $1.387 billion in 2025, compared to $1.311 billion in 2024, representing a growth of 5.8 percent. Meanwhile, total Kuwaiti investment flows to Egypt from 2004 through the end of 2025 reached approximately $7 billion, according to statistics from the Central Bank of Egypt.
In conclusion, Al-Turkith affirmed that the significance of this meeting lies in its direct bringing together of the Kuwaiti investment community and relevant stakeholders in the Egyptian market, enabling investors to gain a clear vision of reforms, developments, new products, and investment opportunities directly from officials and decision-makers themselves.
He stressed that the Union seeks, through such initiatives, to build investment bridges and connect its member companies with regional and international markets and opportunities, not merely to introduce them, thereby opening the door to dialogue, exchange of expertise, and studying the feasibility of converting proposed opportunities into actual partnerships and investment projects.
He added that the participation of nearly 50 figures from the Kuwaiti investment and financial sectors in the seminar reflects a keen interest in gaining a deeper understanding of developments in the Egyptian market, reaffirming that the Union will continue its role as a platform uniting the Kuwaiti investment community with economic institutions, markets, and decision-makers regionally and internationally, thereby enhancing the competitiveness of the Kuwaiti investment sector and broadening the horizons for its member companies’ operations.
The seminar concluded by emphasizing the importance of sustaining dialogue and communication between both sides, and transforming the established economic relations between Kuwait and Egypt into further practical investment opportunities and partnerships that serve the common interests of the two countries.
