LOC13:40
10:40 GMT
KUWAIT, Oct 23 (KUNA) -- A delegation from the Algerian Chamber of Commerce
and Industry discussed investment opportunities and trade exchange with their
counterparts at the Kuwaiti Chamber of Commerce and Industry on Tuesday.
Chairman of the Algeria Commerce Chamber Ibrahim bin Jaber said the visit
built on the one made by a Kuwaiti delegation to his country earlier, and was
aimed at exploring means for cooperation in the economic sector.
He noted that this was the first time that he headed a delegation abroad,
adding that topics discussed would include agriculture, tourism, banking and
financial affairs.
The Algerian official expressed optimism at the fruitful results of this
visit, especially as he sensed a keenness on the part of Kuwaiti companies for
greater investments in Algeria and increasing the volume of trade exchange.
On his part, Chairman of the Kuwaiti Chamber of Commerce and Industry Ali
Thunayan Al-Ghanim said economic relations between the two countries remained
below the aspired levels, which placed greater pressure on the private sectors
of Kuwait and Algeria to work to strengthen bonds in this area.
He noted that the Kuwaiti government encouraged the chamber to strengthen
its economic relations with Algeria.
As for Salah Al-Marzouq, a member of the Kuwaiti Commerce Chamber, he said
the Kuwaiti side had much anticipated this visit by the Algerian delegation,
noting that this was an especially important time as Gulf states enjoyed
financial surplus with the hike in oil prices.
Algeria needs to hold more seminars in Kuwait to introduce the public to
investment opportunities, he said. (end)
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KUNA 231340 Oct 07NNNN