Kuwait Invests US$577 Million in Egyptian Tourism

Official sources revealed that the volume of Kuwaiti investments size in the Egyptian tourism reached around US$577 million till the end of the first half of 2014.

The size of investments US$577 will distribute to 103 tourism firms operating in various transport, hotel and tourism services, the total capital value of these firms estimated at US$1.3 billion as some Egyptian investors and other nationalities owners will take part.

General Authority for Investment and Free Zones (GAFI), governmental bodies  are currently preparing for the projects which will be reviewed by Kuwaiti side, sources said.