spot_img
HomeKuwaitKuwait-Egypt trade rises 21% year-on-year in 2021

Kuwait-Egypt trade rises 21% year-on-year in 2021

spot_img

KUWAIT, 5 October – The trade exchange between Egypt and Kuwait grew 21% year-on-year (YoY) in 2021, Minister of Trade and Industry Ahmed Samir revealed on the sidelines of the Egyptian Kuwaiti Business Forum, according to an official statement on October 3rd.

Trade exchange between the two countries reached around $305 million in 2021, up from $252 million in 2020, Samir announced.

In the first seven months of 2022, the Egyptian Kuwaiti trade totaled $242 million, he added.

Samir said that the number of joint investment projects between the two countries reached 1,337 in several sectors, including financing and industry.

During the Egyptian Kuwaiti Business Forum, the Federation of Egyptian Chambers of Commerce (FEDCOC) and the Kuwait Chamber of Commerce and Industry signed a cooperation protocol to exchange information on trade, organize trade delegations, and establish continuous trade communications. — Arab Finance

spot_img
spot_img

Stay Connected

203,149FansLike
2,137FollowersFollow
1,156FollowersFollow

Must Read

spot_img

Related News

- Advertisement -spot_img

LEAVE A REPLY

Please enter your comment!
Please enter your name here