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Kuwaiti funds to invest in Egypt - Daily News Egypt

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Kuwaiti funds to invest in Egypt

Kuwait Finance House and its subsidiary, Liquidity House, have declared their readiness to support Egypt by investing in the country, according to Minister of Finance Momtaz El-Saeed. El-Saeed recently met a delegation from the two organisations headed by the vice president of Liquidity House, Emad Youssef El-Manieg The Kuwaiti delegation emphasised the enthusiasm of Kuwaiti …


Kuwait Finance House and its subsidiary, Liquidity House, have declared their readiness to support Egypt by investing in the country, according to Minister of Finance Momtaz El-Saeed.

El-Saeed recently met a delegation from the two organisations headed by the vice president of Liquidity House, Emad Youssef El-Manieg

The Kuwaiti delegation emphasised the enthusiasm of Kuwaiti financial establishment to cooperate with Egypt and establish shared projects, said El-Saeed.

Kuwait is the second largest Arab investor in Egypt. There were 493 joint Kuwaiti investment projects in Egypt in 2008 according to ministry of Foreign affairs.

In March 2009, Egypt signed a second loan agreement with the Kuwait Fund for Arab Economic Development for construction of the New Abu-Keer power station worth EGP 650 million. Egypt obtained the first loan in January 2008, according to the Ministry of Foreign Affairs reported.

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https://dailyfeed.dailynewsegypt.com/2012/10/13/kuwaiti-funds-to-invest-in-egypt/
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