LOC13:25
10:25 GMT
SHANGHAI, Nov 21 (KUNA) -- A joint Kuwaiti and Chinese investment forum is likely to open new doors for the Gulf state's burgeoning private sector, Kuwait's Finance Minister Dr. Nayef Al-Hajraf said on Wednesday.
The initiative aims to ratchet up economic cooperation between Kuwait and the world's most populous nation, Al-Hajraf said in a statement a day before the event.
He pinpointed His Highness the Kuwaiti Amir Sheikh Sabah Al-Ahmad Al-Jaber Al-Sabah's visit to Beijing last July as the catalyst that helped reinvigorate bilateral ties.
The Kuwaiti minister said he had high expectations for the meeting, saying it could propel Kuwait's ties with China to new levels, besides being a chance to examine investment opportunities both nations have to offer.
Kuwait has much to offer in terms of investment, with diverse sectors running the gamut from the oil and technology industries to infrastructure, he explained.
Al-Hajraf is currently leading a high-level Kuwaiti delegation on a visit to China's most populous city. (end)
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