Kuwait''s Kipco team wraps up visit, leaves for Algiers


Date : 15/11/2006

KUN0116 4 GEN 0233 FRANCE /AFP -HNP2 ECO-2LD TUNISIA-KUWAIT Kuwait's Kipco team wraps up visit, leaves for Algiers TUNIS, Nov 14 (KUNA) -- Managing Director and CEO of Kuwait Investment Projects Company (Kipco) Faisal Al-Ayyar wrapped up a visit here Tuesday and left for Algiers within an African tour. This visit came on the occasion of launching North Africa Holding company that was established by Kipco and others with the aim of developing and diversifying regional investments. Earlier in the day the delegation led by Ayyar conferred with Minister of International Development and Cooperation Mohammad Al-Juwaini and the Central Bank governor Toufic Bakkar. The talks touched on the opportunities available for investment in various sectors that are the focus of interest of Kipco. Al-Juwaini underlined during the encounter his country's keenness on instituting reforms that end up in creating an atmosphere conducive to investment and business through making amendments to the legislations and updating the basic infrastructures. He elaborated in a presentation before the Kuwaiti delegation on development of the economic position in his country in the last few years as well as the objectives and programs planned for the next phase. Concluding he proposed forming a joint Kuwaiti-Tunisian delegation of experts to follow up the plans for putting Kipco projects in action. (pickup previous) nm.mm KUNA 150048 Nov 06NNNN