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Egypt’s Kuwaiti capitals hit $ 7 billion in total, FEB chairman

Thursday 19 November 2015 07:05 PM

Abdullah al-Shaheen, Kuwaiti businessman and  Chairman of "Feb Capital"
Abdullah al-Shaheen, Kuwaiti businessman and Chairman of "Feb Capital"


The number of the Kuwaiti companies in the Egyptian market  reached 979 company until last April, with a US $ 7 billion total capital, thanks to Sabah Al Ahmad Al Jaber Al Sabah, Amir of the State of Kuwait in coordination with President Abdel Fattah al-Sisi’s instructions to increase investments.

Abdullah al-Shaheen, Kuwaiti businessman and  Chairman of "Feb Capital" - Gold Sponsor at the 8th Kuwaiti Week Exhibition in Egypt  said that sustainability achieved by the Kuwaiti Week in Egypt for eight consecutive years, have had a positive impact  on continuous and annual communication on Kuwaiti investments which are currently witnessing a remarkable and uninterrupted growth.

On "Feb Capital" participation as the Gold sponsor at Kuwaiti Week in Egypt, al-Shaheen stressed the importance of the event  that assembles more than  Egyptian and  Kuwaiti 70 firms , both in the private and public sectors in the attendance of senior Kuwaiti investors, representatives of Egyptian as well as Kuwait business community, which provides an opportunity to learn about the most important new projects.

 Minister of Trade and Industry Tarek Kabil, Kuwait's Ambassador to Cairo Salem Al-Zamanan,  along with a number of businessmen, ambassadors, diplomats, and public figures, opened last Monday night the Kuwait Week in Egypt under the "Kuwait in Egypt" slogan.