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

Kuwait Times - - LOCAL -

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

Newspapers in English

Newspapers from Kuwait

© PressReader. All rights reserved.