Minister Al-Ali asks Investment Authority manage FTZ

Minister of Commerce and Industry Dr. Yusuf Al-Ali
Minister of Commerce and Industry Dr. Yusuf Al-Ali

KUWAIT, June 15 (KUNA) — Minister of Commerce and Industry Dr. Yusuf Al-Ali said on Wednesday that he asked the Government last week to task the Public Investment Authority with managing the free trade zone, instead of the Public Authority for Industry.
Minister Al-Ali, during a parliamentary session for discussing State budgets, said the PAI had been paid accumulating debts by defaulting investors in the industrial plots at the zone, and that one percent of them has been unsettled, indicating that the judicial authorities are handling the case. (end) sss.rk