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Kuwait achieves new economic milestones

Kuwait achieves new economic milestones

Kuwait picked up the pace to accomplish further milestones in its efforts to achieve the pillars of the National Vision 2035 for “New-Kuwait,” of which was the convening of the second edition of the Kuwait Investment Forum (KIF 2018).

Sheikh Dr. Meshaal Jaber Al-Ahmad Al-Sabah, director general of Kuwait Direct Investment Promotion Authority (KDIPA), said: “KIF 2018 sought to showcase the serious resolve of the government to streamline the business environment and ensure that Kuwait’s investment climate is sufficiently attractive to interested investors, through the concerted efforts of both the public and private sectors to advance the promising sectors, and launch megaprojects.”

This will duly fulfill the overall commitment to diversify the national economy and to foster the country’s real wealth, its creative and talented youth.”

These efforts, following the KIF 2018, included important steps taken to enhance Kuwait’s international position, and build an extensive network of strategic relations with major countries. In this regard, Kuwait signed several agreements and MoUs during the state visit of Kuwaiti Emir Sheikh Sabah Al-Ahmad Al-Jaber Al-Sabah to China in July. These agreements cover a broad framework of activities including trade exchange, infrastructural projects, development of industrial and technologically advanced zones, as well as supporting Kuwait’s participation in the Belt and Road Initiative.