Egypt PM vows to protect Kuwaiti investments

Egyptian Prime Minister Ibrahim Mahlab has reiterated his country's commitment to protecting and safeguarding all Kuwaiti investments, while vowing to "resolve all outstanding problems" in this regard.
Mahlab made the remark during a meeting with Kuwaiti Minister of Finance Anas Al-Saleh here on Saturday on the sidelines of the Egypt Economic Development Conference held in Egypt's Red Sea resort city of Sharm El-Sheikh, according to a statement by the Ministry of Finance.
During the meeting, Mahlab appreciated His Highness the Kuwaiti Amir Sheikh Sabah Al-Ahmad Al-Jaber Al-Sabah's participation in the conference, which reflected strong and close relations between Egypt and Kuwait.
For his part, Kuwaiti Minister of Finance Anas Al-Saleh stressed that Egypt would do well to complete its economic package aiming to create a congenial investment atmosphere in the country.
He said the recently adopted investment law has put Egypt on the right track, thus becoming able to be a regional investment destination.
The Kuwaiti minister added that USD 4 billion's worth of investments announced by His Highness the Amir in his speech during the conference yesterday would be directed towards various economic sectors through different investment tools.