Trade exchange between Egypt, Kuwait hits $1.74B in 2017

Trade Exchange between Egypt and Kuwait reached $1.74 billion during 2017, including $363 million for non-petroleum products, Minister of Trade and Industry Amr Nassar said.

The minister added that Kuwait is 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.

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.

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.