Kuwaiti authorities have revealed plans to increase their investments in Egypt to a substantial $5.3 billion by the close of 2025. This strategic expansion represents a 20% boost in capital inflow, underscoring Kuwait’s burgeoning confidence in Egypt’s economic landscape. Government sources have highlighted this step as a vital enhancement of the partnership between the two nations.
Looking beyond 2025, Kuwait has set an ambitious target to elevate its total investments in Egypt to $10 billion. While this long-term goal demonstrates a strong commitment to Egypt’s economic development, government sources have indicated that a specific timeline for achieving this figure remains to be established.
Kuwaiti investment interests are currently focused on acquiring stakes in Egyptian state-owned enterprises. While the specific companies have not been disclosed, there is speculation around whether these entities are among the ten firms earmarked by the Egyptian government for strategic sales and listings on the Egyptian Exchange (EGX) in the coming year.
Notably, Kuwaiti investments are directed towards a spectrum of high-priority sectors including pharmaceuticals, food security, tourism, agriculture, automotive manufacturing, banking, renewable energy, public transport, and green hydrogen. A significant portion of these investments will enhance Egypt’s tourism infrastructure, particularly with new hotel projects along the North Coast and the Red Sea.
In an exclusive development, Kuwaiti investors are closely tracking Egypt’s airport privatization initiative. Sources within Kuwait’s investment community have confirmed active monitoring of this process, as the International Finance Corporation (IFC) collaborates with Egyptian authorities to transition the management of 11 airports to private hands. An agreement finalizing the terms is anticipated within the month, with a full implementation of the IFC’s strategy expected by July.
