Egypt and Kuwait strengthen investment ties with a $125M hotel project, boosting economic cooperation and expanding opportunities in the hospitality sector.

During his official visit to Kuwait, Egypt’s Minister of Investment and Foreign Trade, Hassan El-Khatib, met with Jawad Bukhamseen, Chairman of Bukhamseen Holding Group, to discuss the company’s current and future investments in Egypt.

The discussion centered on potential expansion in key sectors such as hospitality, finance, and restaurant management. Both parties explored opportunities to strengthen Bukhamseen Holding Group’s presence in Egypt’s growing market.

Beyond specific investments, the meeting also highlighted Egypt’s broader initiatives to attract foreign investors. The government has introduced several measures aimed at making the business environment more efficient and investor-friendly.

One of the key reforms is the reduction of customs clearance times to just two days, allowing for faster and more streamlined trade processes. Additionally, new tax policies are being implemented to ease financial burdens on investors.

Regulatory procedures are also being simplified by minimizing the number of government entities involved in investment approvals. This approach is designed to cut red tape and make it easier for businesses to operate in Egypt.

El-Khatib reaffirmed the government’s commitment to enhancing the investment climate through continuous improvements to institutional and legislative frameworks. He emphasized that eliminating obstacles for investors remains a top priority.

These efforts align with Egypt’s long-term strategy to position itself as a leading destination for foreign capital. By fostering a more competitive and business-friendly environment, the country aims to strengthen its role as a key investment hub in the region.

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