Min. Al-Roudan boosts economic ties, investment with Germany

BERLIN, March 23 (KUNA) -- Promoting economic relations and investments between Kuwait and Germany featured high on the agenda of the talks Minister of Commerce and Industry and Minister of State for Youth Affairs Khalid Al-Roudan held in Berlin.
Meeting with Germany's Minister of Economy Peter Altmaier, Al-Roudan invited him to visit Kuwait and get acquainted with the investment opportunities in the country.
He told KUNA Friday that during talks with German officials over two days, he felt high interest in the region, Kuwait in particular.
Al-Roudan lauded the deep-rooted ties between the two countries, saying that Kuwait can take advantages of the Germany's long expertise in a variety of fields, small and medium sized enterprises (SMEs), for instance.
The minister's talks with Chairman of German-Arab Chamber of Industry and Commerce Peter Ramsauer addressed means of bolstering bilateral cooperation in economic fields that can benefit the national development plan and improve the business climate in Kuwait.
They also emphasized the significance of developing investment ties between the two countries.
Kuwait is the first regional importer form Germany with USD 500 million (USD 1.7 billion) in 2016. The country's investments in Germany are worth USD 30 billion.
In addition, Al-Roudhan attended a conference hosted by the German Near and Middle East Association (NuMOV), on luring foreign investments to Kuwait.
The two-day visit aimed to further boost bilateral economic, trade and investment relations between the two countries, and to attract German companies to open branches in Kuwait to support industries. (end) anj.msa