WASHINGTON, Sept 6 (KUNA) -- On the sidelines of the US-Kuwait Economic Forum held at the US Chamber of Commerce, several agreements were signed Wednesday between the Kuwait and American sides in different fields.
The Kuwait Petroleum Corporation (KPC) and DOW Chemical Company (DOW) signed a Memorandum of Understanding (MoU) which was signed by Jamed Fitterling representing the Dow Chemical Company and Deputy Chairman and CEO of KPC Nizar Al-Adsani for the joint cooperation in the petrochemical industry and joint investment in the US.
Al-Adsani told KUNA in this regard that the MoU aims at further enhancing the relevant entities and build on the current investment in Petrochemical in the US, in addition to explore the establishment of petrochemical research and technology centers in Kuwait and the US.
Also the Kuwait Ministry of Electricity and Water signed agreements with General Electric on generating power to upgrade and increase the capability of the power stations in Kuwait, in addition to reducing the gas emissions and develop and train the Kuwaiti national qualifications.
For his part, Director General of Kuwait Direct Investment Promotion Authority (KDIPA) Sheikh Dr. Meshaal Jaber Al-Ahmad Al-Sabah emphasized the importance of the Forum, told KUNA and KTV that the Forum is an opportunity to showcase the positive and historical relationship between Kuwait and the US.
He added that the event is also a chance of showcase the latest development in economic situation in the two countries and how can the private sectors in both countries benefit from those changes on the ground.
He reiterated the very historical and strategic relationship between the two countries in the past decades.
The Forum is held during the official visit of His Highness the Amir Sheikh Sabah Al-Ahmad Al-Jaber Al-Sabah's official visit to the nation's capital during which he is scheduled to meet at the White House on Thursday US President Donald Trump.