Kuwait will invest a sum of $4 billion in the Egyptian market during the coming period, said President of the Egypt-Kuwait Economic Cooperation Council Moataz Al-Alfi.

During the council's founding meeting, Al-Alfi said that a $1.5 billion steel factory will be established in Suez.

Also, a real estate company will be established in Sharm El Sheikh, the Egyptian official said.

He noted that Kuwait is planned to establish a one-billion-dollar logistics area in the Suez Canal region.