Egypt-Kuwait bilateral trade records $477M in 2016



Sun, 07 May 2017 - 08:12 GMT


Sun, 07 May 2017 - 08:12 GMT

Minister of Industry, Trade and Small Industries Tarek
Kabil photo archive

Minister of Industry, Trade and Small Industries Tarek Kabil photo archive

CAIRO – 7 May 2017: Bilateral trade between Egypt and Kuwait amounted to$477 million in 2016, Minister of Industry and Foreign Trade, Tarek Kabil said Sunday in a statement.

Egypt’s exports to Kuwait recorded $419.4 million, while imports reached $58 million, the statement added.

Egyptian exports to Kuwait include electrical appliances and cables, food products, tobacco, medical products, iron structures, marble and coal. Imports from Kuwait, meanwhile, include petrochemicals and sodium hydroxide.

Kuwaiti investments in Egypt amounted to $3.37 billion, invested in 1,106 projects at the beginning of 2017 in the fields of tourism, agriculture, communication and information technology, real estate and finance.

The statement was issued on the occasion President Abdel Fatah al-Sisi’s visit to Kuwait on Sunday, after which he will head to Bahrain.
Trade exchange between Egypt and Bahrain reached $160.35 million in 2016, the statement said.

Egypt’s exports to Bahrain include food products, cosmetics, furniture, cotton, ceramic, iron, machinery and equipment, while its imports from the Gulf country comprise oil and plastic products, aluminum and its products, cleaning products, iron and steel.

Bahraini investments in Egypt stood at $2.7 billion in 2016, with 183 companies investing in Egypt, the statement read.



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