RIYADH, Nov 11 (KUNA) -- Kuwaiti Undersecretary of the Ministry of Finance Aseel Al-Munifi said Tuesday that the two memoranda of understanding signed with Saudi Arabia are the outcome of historic and long-standing relations, paving the way for broader cooperation.
Al-Munifi, who heads Kuwait's coordination committee for investment, environment, and infrastructure under the Kuwaiti-Saudi Coordination Council, told KUNA that the MoUs, signed during the council's third meeting, were the result of months of joint work and consultations, marking a qualitative addition to bilateral collaboration.
She explained that the first MoU focuses on public-private partnership cooperation (PPP), aiming to enhance exchange of legislative, technical, and regulatory expertise to develop capacities and improve the implementation of PPP systems in both countries.
The memorandum also emphasizes continued coordination through business exchanges, joint workshops, and participation in relevant conferences to strengthen mutual cooperation and achieve shared goals.
Al-Munifi added that the second MoU, in science, technology, and innovation, reflects both nations' commitment to promoting practical cooperation through joint events, researcher exchanges, and potential collaborative scientific projects within available technical capacities. (end) kns.aai