Kuwaiti AREF Investment Group plans expansion in Egypt

Kuwaiti AREF Investment Group has outlined plans to increase its investments in Egypt across several key sectors, including education, healthcare, industry, and logistics, according to a statement by the Egyptian Ministry of Investment on Sunday.

The group is already invested to the tune of $120 million in Egypt and is eager to explore further opportunities in the country’s rapidly growing market, the statement added.

During a meeting with Egyptian Minister of Investment and Foreign Trade Hassan El-Khatib, as part of his official visit to Kuwait, the delegation from AREF Investment Group discussed these plans and explored the investment potential in Egypt. The meeting also touched on the current and future projects the company aims to implement in the Egyptian market.

Minister El-Khatib highlighted Egypt’s ongoing efforts to improve its investment climate, particularly through a series of economic reforms aimed at simplifying financial, monetary, and commercial policies. These reforms are designed to ease the process for investors and facilitate the movement of foreign trade, all in line with Egypt’s broader economic modernisation agenda.

The minister further emphasised the Ministry’s commitment to creating a more competitive and attractive environment for local and foreign investors alike, providing the institutional and legislative support necessary to foster growth, and eliminating bureaucratic hurdles that hinder business operations.

In response, AREF Investment Group officials reaffirmed its strong interest in Egypt, describing it as one of the region’s most promising investment hubs. They praised the wealth of opportunities available and expressed their confidence in Egypt’s future as a leading destination for international investment.

Attribution: Amwal Al Ghad English