LOC17:15
14:15 GMT
Department of Fatwa and Legislation signed with the International Development Law Organization to translate Kuwaiti commercial and investments laws from Arabic to English
KUWAIT, March 20 (KUNA) -- The Department of Fatwa and Legislation signed
on Thursday a contract with the International Development Law Organization to
translate Kuwaiti commercial and investments laws from Arabic to English as a
step toward turning Kuwait into a world-class financial and commercial hub
regionally, said head of the Department Salah Al-Mesa'ad on Thursday.
The contract is in keeping with the article no.9 for the law of the year
2010 regarding the nation's growth and development plan aimed at implementing
the plan with the emphasis on turning Kuwait into a regional finance and
commercial center, said Al-Mesa'ad in remarks to KUNA.
He added that the Department sought translating the nation's commercial
and investment laws basically to avail foreign investors with clear and
transparent information on how to approach investing in Kuwait, noting that
the information would also be a valuable source for researchers and scholars
interested in Kuwait.
Kuwait was among a number of countries that contributed to the
establishment of the International Development Law Organization in 1981. (end)
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KUNA 201715 Mar 14NNNN