Egypt-Kuwait trade exchange records $401mln in 11M-22

Newspaper Title: www.zawya.com

Newspaper Number:

Tuesday - 20 December 2022

Trade exchange between Egypt and Kuwait reached $401 million during the first eleven months (11M) of 2022, Egypt's Minister of Trade and Industry, Ahmed Samir, said.

In 2021, trade exchange between the two nations amounted to $306 million, an increase of 21.40% or $54 million when compared to $252 million in 2020.

The Egyptian minister’s remarks were made on the sidelines of the 13th Kuwait Week in Cairo, which kicked off on Monday, 19 December 2022 under the auspices of Egypt’s Prime Minister, Mostafa Madbouly. The event saw the participation of Kuwait's Ambassador to Egypt, Ghanim Al Ghanim, alongside other top officials from the two countries.

On this occasion, Samir said that his country and Kuwait have long-standing historic and strategic ties that are based on mutual understanding.

For his part, Kuwait's Al Ghanim has stressed that the organisation of the 13th Kuwait Week in Cairo reflects the strong ties between his country and Egypt and reiterates the importance to enhance bilateral cooperation across all sectors and levels.

Organised by Kuwait’s Embassy in Cairo in collaboration with Jabriya Exhibition Group, the week is launched under the theme of Kuwait in Egypt and will last until 21 December.

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