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  Economics
Kuwait urges Chinese companies to invest in country
21/04/2017 | LOC15:44
12:44 GMT
| Kuwait News
تصغير الخطالشكل الأساسيتكبير الخط
Kuwait Ambassador to China Samih Jawhar Hayat during the Asia Pacific Business Summit
Kuwait Ambassador to China Samih Jawhar Hayat during the Asia Pacific Business Summit
KUWAIT, April 21 (KUNA) -- The State of Kuwait has urged Chinese companies and conglomerates to partake in the national development schemes.
Samih Johhar Hayat, the State of Kuwait Ambassador to China, made the call during the Asia Pacific Business Summit, held in the city of Guangzhou, particularly addressing companies specialized in construction and infrastructures.
The State of Kuwait is seeking to diversify investments, thus "we need help of economically advanced states for technology, expertise and training," Ambassador Hayat said, cited by a statement issued by the Kuwaiti embassy in China.
He indicated at the approach to expand foreign investments in Kuwait; technically through coordination with Sheikh Dr. Meshaal Jaber Al-Ahmad Al-Sabah, Director-General of Kuwait Direct Investment Promotion Authority (KDIPA).
Ambassador Al-Hayat has revealed that he is currently coordinating with Chinese Authorities to organize an official visit to the nation by the Minister of Commerce, Industry and the Acting Minister of State for Youth Khaled Nasser Al-Roudhan.
The visit, aimed at discussing strategic investment cooperation, is tentatively set in first week of next month.
"The approach toward China, the country's first commercial partner, is strategically important for us," he said.
Kuwait established diplomatic ties with China in 1971, becoming the first Arab Gulf state to take such a step. Moreover, it supported, in words and action, China's initiative to revive the "silk road" in 2013. It inked an accord in this respect with Beijing at the time.
The Gulf country will partake in the "silk road summit" due in Beijing on May 14-15.
Ambassador Hayat indicated that he is acting diligently, in light of guidelines from the higher Kuwaiti authorities, to regulate the distinctive Kuwaiti-Chinese relationship at various levels.
The ambassador, who called for hiking commercial exchanges, had held a series of meetings with local officials in Guangzhou, with attendance of the State of Kuwait General Consul in the city, Malek Al-Wazzan. These discussions dealt with enhancing cooperation at various levels.
Hayat is the sole diplomatic envoy who has been invited to partake and address the five-day Asia Pacific summit. (end) tma.rk
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Kuwait Ambassador to China Samih Jawhar Hayat during the Asia Pacific Business Summit
Kuwait Ambassador to China Samih Jawhar Hayat during the Asia Pacific Business Summit
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