Britain to boost investments in Kuwait — KDIPA Director

Director-General of Kuwait Direct Investment Promotion Authority (KDIPA) Sheikh Meshaal Jaber Al-Ahmad Al-Sabah with Martin Hall, CEO of Kuwait British Business Centre
Director-General of Kuwait Direct Investment Promotion Authority (KDIPA) Sheikh Meshaal Jaber Al-Ahmad Al-Sabah with Martin Hall, CEO of Kuwait British Business Centre

LONDON, May 26 (KUNA) — The Director-General of Kuwait Direct Investment Promotion Authority (KDIPA) Sheikh Meshaal Jaber Al-Ahmad Al-Sabah signed a memorandum of understanding (MoU) Thursday with Martin Hall, CEO of Kuwait British Business Centre, on boosting and facilitating the flow of British investments to Kuwait.
The Kuwait British Business Centre was a result of several meetings of the Kuwaiti-British joint steering committee to increase British investments in Kuwait, Sheikh Meshaal stated to KUNA.
The MoU aims at encouraging British companies to take advantage of the new economic laws that the Kuwaiti government and parliament have adopted recently, he said.
The KDIPA chief also noted that the new Kuwaiti laws are part of a plan to diversify income sources and use less petroleum products in order to help the country achieve its goals.
According to the MoU, KDIPA is to provide assistance to British companies that wish to invest directly in Kuwait through information and aid in various areas. (end) kd.ma

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