Kuwaiti Investment Companies Organizes Virtual Seminar with the Commercial Representation Office of the Egyptian Embassy

Kuwait City, August 22 (KUNA) -- The Kuwait Investment Companies Union, in collaboration with the Commercial Representation Office of the Egyptian Embassy in Kuwait, organized a virtual seminar that brought together economic and investment leaders from both countries. The event aimed to introduce developments in the Egyptian market and the reforms it has undergone, showcase available investment opportunities and products, and open new horizons for cooperation.

Speaking at the seminar, Union President Abdullah Al-Turkitt said in a statement issued by the Union on Saturday that the seminar is part of the Union’s role in opening direct channels for Kuwaiti investment companies and investors to identify available opportunities in regional markets and engage with policymakers and economic and financial institutions there.

Al-Turkitt added that the Arab Republic of Egypt represents an important market and a key economic and investment partner for Kuwait, noting that more than 1,800 Kuwaiti companies are investing in Egypt, reflecting Kuwaiti investors’ confidence in the Egyptian economy.

He emphasized that the coming phase holds broad potential to enhance cooperation and build new partnerships between institutions and investment companies. He pointed out that Kuwaiti investment companies possess extensive expertise that extends beyond asset management to wealth management, funds, portfolios, financing, and structuring and organizing investment opportunities, qualifying them to play a larger role in linking capital with investment opportunities locally, regionally, and internationally.

He noted that the importance of the meeting lies in its bringing together the Kuwaiti investment community and entities concerned with the Egyptian market, allowing investors to gain a clear vision of reforms, developments, new products, and investment opportunities directly from officials and policymakers.

He indicated 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 possibility 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. He affirmed that the Union will continue its role as a platform bringing together the Kuwaiti investment community with economic institutions, markets, and policymakers regionally and internationally, thereby enhancing the competitiveness of the Kuwaiti investment sector and broadening the horizons for its member companies’ operations.

He highlighted the importance of continuing dialogue and communication between the two sides and transforming the established economic relations between Kuwait and Egypt into further practical investment opportunities and partnerships that serve mutual interests.

For his part, Egyptian Ambassador Mohamed Abu Al-Wafa, according to the statement, emphasized that the distinguished relations between the two countries form a strong foundation for building upon, and that economic and investment cooperation should keep pace with the depth of political and fraternal relations. He called on Kuwaiti companies to increase, diversify, and expand the base of their investments, strengthen their presence across various sectors, and take advantage of the opportunities offered by the Egyptian economy and the direct dialogue with stock exchange leaders and relevant officials to evaluate those opportunities on clear economic and investment grounds.

From her side, Commercial Counselor Nashwa Salah, in her speech as mentioned in the statement, emphasized that economic relations between Kuwait and Egypt are a model of partnership based on mutual interests between the two brotherly countries.

She noted that the volume of bilateral trade rose to approximately $1.387 billion in 2025, up from $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 around $7 billion, according to statistics from the Central Bank of Egypt.

For his part, Omar Radwan, Chairman of the Board of Directors of the Egyptian Exchange, highlighted the developments witnessed by the Egyptian market in recent periods, noting that the market capitalization of the exchange surpassed 4 trillion Egyptian pounds (approximately $83 billion US dollars), coinciding with trading indices reaching record levels.

He pointed out that more than 385,000 new accounts were added to the Egyptian Exchange since the beginning of the year, with the number of daily transactions exceeding 300,000, while daily trading volume surpassed the 15 billion Egyptian pound threshold. This reflects an expansion of the investor base and increased awareness and interest in the investment instruments available in the market.

Radwan outlined a range of financial tools and products that the exchange is working to develop and diversify, including derivatives, sukuk, bonds, index funds, and a carbon market, all aimed at meeting the needs of various investor segments and enhancing the market’s ability to attract both local and foreign investments.

He emphasized that structural reforms, the development of market mechanisms, and the enhancement of transparency constitute fundamental pillars in the Egyptian Exchange’s efforts to improve market efficiency and increase its investment attractiveness. (End) A.K. / T.A.B.