KDIPA's Chief praises His Highness Amir's meeting with senior US firms' heads

Kuwait News Agency (KUNA) , Wed, Sep 5, 2018

WASHINGTON, Sept 5 (KUNA) -- Director General of Kuwait Direct Investment Promotion Authority (KDIPA) Sheikh Dr. Mishael Jaber Al-Ahmad Al-Jaber Al-Sabah has praised the meeting that broght together His Highness the Amir Sheikh Sabah Al-Ahmad Al-Jaber Al-Sabah with heads of US giant companies working in various sectors in Kuwait.

Speaking to Kuwait Television and Kuwait News Agency (KUNA) last night on the sidelines of His Highness the Amir's official visit to Washington, Al-Sabah said the meeting was aimed at briefing heads of the US firms about the latest economic developments in Kuwait.

He added that the companies' directors reviewed during the meeting their expertise in trading in Kuwait and their deep-rooted ties with governmental bodies and private companies in the country.

The meeting also conveyed to them the country's strategy in decreasing the reliance on oil sector by finding alternative sources for the national income, he added.

The strategy also works on attracting unique investments of added economic value as well as promoting creativity and innovation as well as offering new job opportunities to Kuwaiti nationals through such companies, he affirmed.

"The meeting with His Highness the Amir was fruitful, and we will follow up with the developments and results of this meeting," he said.

"His Highness the Amir invited the US companies' heads to visit Kuwait in the near future in order to take a closer look at the economic environment to cope with the latest regulations and laws issued by the government in Kuwait", he concluded.(end).