LOC13:49
10:49 GMT
KUWAIT, July 1 (KUNA) -- A delegation representing Kuwait Finance House (KFH) currently visiting Algeria headed by KFH Board Chairman Bader Al-Mukhaizeem is set to meet with senior Algerian officials during the four-day visit.
A statement by the Algerian Ministry of Industry and Promotion of Investments Sunday said the 13-member KFH and businessmen delegation represents tourism, real estate, trade, and banking segments of the Kuwaiti market.
The delegation is to meet senior officials topped by Algerian Minister of Industry and Promotion of Investments Abdelhamid Temmar, Minister of Urban Planning, the Environment, and Tourism Cherif Rahmani, Housing and Urban Development Minister Noureddine Moussa, and Governor of the Central Bank of Algeria Mohammed Laksaci.
The visit is a follow-up effort after an earlier visit by a delegation from the Kuwaiti Chamber of Commerce and Industry in the first week of May, the statement said.
Meanwhile, KUNA sources indicate that KFH, which operates in Islamic Banking and financial services in several countries world wide, is to file a request for accreditation with the Central Bank of Algeria in order to open branches in the North African Arab country.(end) ft.wsa KUNA 011349 Jul 07NNNN