KCCI invites Portuguese companies to join development projects
The Kuwait Chamber of Commerce and Industry (KCCI) has invited Portuguese companies to contribute to Kuwait development projects, executed through the Public-Private Partnership (PPP) system. Speaking during his reception of Portuguese economic delegation on Monday, headed by Secretary General of the Arab-Portuguese Chamber of Commerce and Industry Aida Bou-Abdullah, KCCI Board Member Tariq Al-Mutawaa invited Portuguese construction companies to have share in the building and construction projects in Kuwait.
The state’s annual or medium-term development plans comprise a large number of projects in various sectors such as oil, infrastructure, bridges, renewable energy, and food security, he said. He suggested that the entrance of Portuguese companies to the market would transfer Portuguese rich experience and advanced technology in this field to Kuwait.
Meanwhile, Bou-Abdullah pointed out that the Portuguese investors have shown interest in implementing joint ventures with Kuwaiti peers in various domains. She clarified that the delegation would also apprise Kuwaiti investors of a number of investment opportunities in Portugal. She added that the visit is also meant to strengthen bilateral relations and expand mutually beneficial economic and commercial partnerships. — KUNA