Egyptian ambassador talks up his homeland to gain Kuwaiti investment
Egyptian Ambassador to Kuwait Abdulkarim Suleiman said Wednesday the economic infrastructure of his country offers more ample opportunities for Kuwaiti investors now than ever.
"The Egyptian government has put an end to the monopoly policy which used to scare off investors before the revolution of January 25, 2011," Suleiman told reporters after opening the ninth Egyptian real property fair here this evening.
"The heavy turnout by the Kuwaiti firms and public at the fair this year signals a flourishing event and sends an upbeat message to the organizers," he said.
The real property market is usually full of promise; the Egyptian market started to revive in the recent months after the instability in the wake of the revolution, he said, noting that many Arab and foreign investors are investing heavily in Egypt.
- Mission impossible? IMF says Jordan needs 7 percent growth to fight poverty and unemployment
- Saudi's strong non-oil growth in February may signal new economic era for KSA
- Worth a gasp? Abu Dhabi’s inflation already up 2.1% in 2014's first two months
- What's the attraction? IIF says UAE’s economic stability wooing foreign capital investment
- Public-private partnerships may be key to take Gulf's economic growth to next level