DUBAI – Egyptian Finance Minister Mohamed Maeet said Monday that the Egyptian economy has competitive advantages that could be more stimulating for investments and exports.
The Egyptian economy has an advanced and a strong infrastructure that is capable of accommodating new production activities and investment expansions, Ma’eit said in a meeting with his Kuwaiti counterpart Anwar al Mudhaf on the sidelines of the World Government Summit 2024 in Dubai.
The meeting took up means of boosting bilateral relations, with the two ministers also exchanging views about mechanisms to handle current global challenges.
Maeet congratulated Mudhaf on assuming the finance portfolio in Kuwait and wished him success. He said he is looking forward to expanding bilateral co-operation in the financial and tax fields.
Ma’eit posted Mudhaf on structural reforms made by the Egyptian government over the past period, thus contributing to positive economic performance.
Ma’eit invited Kuwaiti investors to do business in Egypt, especially its Suez Canal Economic Zone (SCZone) which offers promising investment horizons.