Economic relations between Egypt and the GCC were affected after the 25 January
Economic relations between Egypt and the GCC were affected after the 25 January
A Kuwaiti investment company is ready to end its ongoing dispute with the Egyptian government on the Ayat land in Giza, west Cairo, despite it submitting a case to the courts demanding $15 billion
By Ahmed Ashour and As-Sawy Ahmed:
In an attempt to settle down its dispute with Egyptian-Kuwaiti Company for Development and Investment,
Kuwaiti investors who own 26,000 acres of land in Ayat, Giza, intend to prosecute Egypt in international courts. In comments to Daily News Egypt, Hany Sarie-Eldin, head of Sarie-Eldin and Partners Legal Advisors
CAIRO: After years of variations, a property of 110 million square meters in Giza governorate (or what is known as El Ayyat Land) was given Tuesday to the Egyptian Kuwaiti Company for Development
Event
The government is seeking to resolve a number of long-running disputes with Gulf Arab investors, as part of a broader effort to encourage Gulf businesses to increase their activity in Egypt.
The government is considering a proposal from Kuwaiti Ambassador to Cairo Salem Al-Zamanan to form an Egyptian-Kuwaiti economic committee to increase investments
The government has recently entered into negotiations with investors in order to settle pending commercial and legal disputes, while bringing other cases in front of international arbitration centres.