LOC21:17
18:17 GMT
(With photos)
ALGIERS, May 8 (KUNA) -- A Kuwaiti official here Tuesday commended Algerian
President Abdulaziz Bouteflika's support for Kuwaiti investment projects in
the North African country.
Ali Al-Ghanim, chairman of the Kuwait Chamber of Commerce and Industry
(KCCI), leading a Kuwaiti economic delegation, thanked the Algerian president
in an interview with Kuwait News Agency (KUNA) ahead of departure for Morocco.
The Kuwaiti economic team's visit showed how much His Highness the Amir of
Kuwait Sheikh Sabah Al-Ahmad Al-Jaber Al-Sabah attached attention to the
further development of bilateral economic ties.
"What has spurred us to invest in Algeria is President Bouteflika's support
for Kuwaiti projects and investment in Algeria, and his efforts to push
forward Kuwaiti economy in Algeria," he added.
Al-Ghanim added that he was impressed by the Algerian leader's strong will
in supporting investment projects, a will which was largely appreciated by the
Kuwaiti side.
He also lauded the visit of the Kuwaiti team as an opportunity to promote
economic relations between Algeria and the State of Kuwait.
He went on to say "We will come back here soon in order to lay the
cornerstone of the first Kuwaiti-Algerian project under the supervision of
President Bouteflika."
This project will pave the way for developing a broader project for
investment in other projects, he predicted.
The Kuwaiti economic delegation had separate meetings with Bouteflika,
Parliament Speaker Abdulqader bin Saleh, Minister of Participation and
Promotion of Investments Abdulhameed Tammar, Minister of Housing and Urban
Development Mohammad Nadir Humaimeed and Governor of the Algerian Central Bank
Mohammad Leksassi on laws and legislations to organize investments in Algeria.
The Kuwaiti team comprised 12 officials from the KCCI, Kuwait Industry
Union, Kuwaiti Investment Group, Union of Kuwait Banks and Federation of
Investment Companies and others.
The Kuwaiti economic team has already left here for Morocco on a two-day
visit for talks with senior officials there. (pickup previous)
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