KFAED’s Tunisia investments help achieve economic, social stability: Ambassador

Investment volume of Kuwait Fund for Arab Economic Development (KFAED) in Tunisia reflects a strong desire to help the Arab country achieve economic and social stability, a Kuwaiti diplomat said yesterday.

The participation of Representative of His Highness the Amir Sheikh Sabah Al-Ahmad Al-Jaber Al-Sabah, Deputy Prime Minister, Minister of Finance and Acting Oil Minister Anas Al-Saleh in the international conference to support the economy and investment (Tunisia 2020) reaffirmed this aspiration, Ali AlDhifeeri, Kuwait’s Ambassador to Tunisia said.

On Tuesday, the Fund offered Tunisia soft loans worth $500 million over the coming five years, while other Kuwaiti investment bodies are closely eyeing business opportunities in the country, AlThifeeri said.

Addressing the opening of the two-day event last Tuesday, Minister Saleh said that they are following with relief Tunisia’s achievements on the political level. “Tunisia has completed all phases of democratic transition with the least damage that usually results in such deep transformations of the political and social structure,” he noted.

Up to 2,000 delegates are taking part in the conference, representing 14 UN missions, foreign countries and leading international banks, in addition to businesspeople. The Kuwaiti delegation accompanying Al-Saleh includes KFAED Director General Abdulwahab Al-Bader, KFAED regional director for the Arab countries Abdullah Al-Saqr and Executive Director of the Public Reserve Division at Kuwait Investment Authority Bader AlAjeel. —KUNA