The Economist of the Middle East
According to a statement, Egypt’s Minister of Planning, Economic Development, and International Cooperation Rania Al-Mashat signed a memorandum of understanding (MoU) for scientific and technical cooperation with Kuwait during the 13th session of the Egyptian-Kuwaiti Joint Committee held in Cairo. Related Topics: North Africa, Kuwait, and Arab Finance For Information Technology
The MoU plans to reinforce joint endeavors being developed and framework projects, including the Sinai Landmass Improvement Program.
In her location, Al-Mashat underlined the significance of Kuwait’s part in crossing over framework holes and supporting Egypt’s improvement projects.
She emphasized the significant contributions made by the Kuwait Fund for Arab Economic Development, which has contributed approximately $3.5 billion to 54 Egyptian projects in a variety of sectors.
Al-Mashat likewise examined Egypt’s macroeconomic strength endeavors and underlying changes pointed toward supporting seriousness and drawing in both nearby and unfamiliar speculations.
She noticed that the Egyptian government is focused on reinforcing participation with Kuwait and other Bedouin monetary organizations, especially in drives like the “Respectable Life” project.
The Memorandum of Understanding is a continuation of the fruitful partnership that Egypt and Kuwait have had since 1980. This partnership has included numerous development projects and approximately $50 million in technical assistance.