Kuwaiti businessmen meet Bangladeshi counterparts

Deputy President of the Chamber of Commerce and Industry (KCCI) Abdulwahab Al-Wazzan during
Deputy President of the Chamber of Commerce and Industry (KCCI) Abdulwahab Al-Wazzan during

(With GOVT-BANGLADESH-KUWAIT) DHAKA, May 5 (KUNA) — As part of His Highness the Prime Minister Sheikh Jaber Al-Mubarak Al-Hamad Al-Sabah visit to Bangladesh, which concluded earlier today, Kuwaiti businessmen, headed by Deputy President of the Chamber of Commerce and Industry (KCCI) Abdulwahab Al-Wazzan, met Thursday with a delegation from the Federation of Bangladesh Chambers of Commerce and Industry (FBCCI).
The meeting was also attended by Kuwait Direct Investment Promotion Authority (KDIPA) Director General Sheikh Dr. Mishaal Jaber Al-Ahmad Al-Sabah, and FBCCI Deputy Director Md. Shafiul Islam.
In his opening speech, Islam welcomed the Kuwaiti delegation and expressed pleasure for the opportunity to tackle ways of bolstering economic cooperation between the two sides, including showcasing vital economic fields in the country and the vast human resources capabilities, which is considered the main force in Bangladesh’s economy.
Islam also shed light on natural gas and petroleum exploration, which is considered one of the main fields in the country, and expressing hope of a positive outcome for the two nations.
For his part, Al-Wazzan expressed in his speech KCCI’s historic role and services to boost the economy, including the total amount of imports received from Bangladesh, totaling at USD 70 million in 2014.
Al-Wazzan hoped that such level of cooperation would improve even further, and later discussed Kuwait’s development plan and targeted projects.
KDIPA chief Sheikh Dr. Mishaal also briefed participants on Kuwait’s investment status and the role of the authority in boosting foreign and local investment in Kuwait.
Later, the two sides signed a number of protocols and exchanged souvenirs.
Last night, the Kuwait Fund for Arab Economic Development (KFAED) signed a loan agreement worth KD 15 million (USD 51 million) with the government of Bangladesh as part of financing a major bridge there. (end) mb

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