Egyptian Minister of Trade and Industry Amr Nassar said on Wednesday that trade exchange between Egypt and Kuwait hit $1.74 billion in 2017، of which $363 million for non-petroleum products.
This came during Nassar’ speech at the activities of the Egyptian-Kuwaiti Cooperation Forum held this Nov. 7 in Kuwait under the title "Brothers Partners" under the patronage of Kuwaiti Prime Minister Gaber Mubarak Al-Sabah، and Kuwaiti Minister of Commerce and Industry Khalid al-Rowdan.
Kuwait is considered one of the most important trade partners to Egypt as it is the third largest Arab partner to the country after the United Arab Emirates and Saudi Arabia، the minister said.
Nassar added that Kuwait is ranked fourth in the list of the largest investors in Egypt with 1،227 joint investment projects and a Kuwaiti contribution worth $3.7 billion.
These investments are concentrated in the fields of tourism، industry، finance، real estate and telecommunications، in addition to information technology and agricultural investment، Nassar stated.