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Kuwait, Germany eye closer investment cooperation

Germany's Federal Minister of Transport and Digital Infrastructure Andreas Scheuer with Kuwaiti Ambassador to Germany Najeeb Al-Bader
Germany's Federal Minister of Transport and Digital Infrastructure Andreas Scheuer with Kuwaiti Ambassador to Germany Najeeb Al-Bader
BERLIN, Jan 21 (KUNA) -- Germany's Federal Minister of Transport and Digital Infrastructure Andreas Scheuer expressed Monday his country's desire to enhance cooperation prospects with Kuwait in commerce, industry, and technology.
The German top official made his remarks during his meeting with Kuwaiti Ambassador to Germany Najeeb Al-Bader in Berlin, noting there is currently a steady growth in the German-Kuwaiti cooperation.
For his part, Al-Bader told KUNA he expressed to Scheuer his country's aspiration for bigger German investments in the Kuwaiti market, adding that German companies could take advantage of the privileges and facilitations the country provides for foreign investors.
The meeting also discussed ways to benefit from the German technology in Kuwait, as well as hopes that Germany contributes and takes part in "Kuwait Vision 2030" through its pioneering companies in the Kuwaiti market, he said.
It also addressed ways to expand investment opportunities between the two countries, in addition to bilateral cooperation in transportation and tourism, the Kuwaiti diplomat said, adding talks also focused on boosting cooperation in tourism due to the increased flock of Kuwaiti travelers to Germany recently.
In 2018, over 60,000 Kuwaiti and non-Kuwaiti tourists were granted visas to visit Germany, Al-Bader noted, adding such a significant figure reflects Germany's popularity as a favorite tourist destination.
Furthermore, Germany is an important strategic partner to Kuwait, especially since the GCC-member state has recently topped the charts in total investments inside the EU-member country, proving the two countries' desire to deepen their commercial and investment ties, he noted. (end) anj.ma