LOC09:46
06:46 GMT
The Chairman of Gatehouse Bank Fahd Boodai
LONDON, Nov 27 (KUNA) -- The State of Kuwait is the third largest trading
partner of the United Kingdom in the Gulf region, where the volume of trade
exchange between the two countries topped 3.59 billion U.S. dollars, the
Chairman of Gatehouse Bank Fahd Boodai said.
Boddai, a member of the economic delegation accompanying His Highness the
Amir of Kuwait Sheikh Sabah Al-Ahmad Al-Jaber Al-Sabah in his state visit to
the United Kingdom, said in a statement, late on Monday, there are about 50
British companies operating in Kuwait, mostly in construction, oil, defense,
real estate, logistics and banking sectors.
"We are extremely proud to have the opportunity to play a part in this
monumental visit, and under the leadership and guidance of His Highness, we
will undoubtedly see further strengthening and reinforcement of the reciprocal
economic relationship between Kuwait and the UK," he commented.
"In particular, I am delighted to see the extent to which the UK Government
is working to support Islamic finance and bridge the gap between the West and
the Islamic world, and Gatehouse Bank remains committed in its own capacity as
we endeavour to support and further strengthen the historic bilateral
relations that bind the State of Kuwait with the UK", he added.
He also spoke about Gatehouse Bank which was founded in 2008 and
established a global investment portfolio in excess of 1.25 billion pounds
(USD 2 billion) spread across Real Estate assets, capital investment and term
deposits.
Supported by its Kuwaiti shareholders and working in close partnership with
GSH, its sister company in Kuwait, the bank specialises in the long-term
management and preservation of wealth for its high net worth and institutional
investor clients.
"With its client focus in the GCC and covering markets in the UK as well as
Asia via Malaysia, the bank operates as a natural bridge between the world's
key financial markets," said Boddai.
HH the Amir arrived, late on Monday, for a state visit at the invitation of
Her Majesty Queen Elizabeth II.
As part of the state visit's official program, Her Majesty the Queen and
the Duke of Edinburgh will host His Highness and the Kuwaiti delegation in an
official dinner in honor of His Highness in Windsor Castle tonight.
The delegation accompanying His Highness includes a number of ministers,
senior officials, political and economic figures. (end)
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