Military deals inked with China fruit of distinguished relations
SMEs vital for sustainable dev in Arab world: study
KUWAIT CITY, July 17, (KUNA): Military cooperation agreements signed with China were the outcomes of the old and outstanding relations with the Chinese army, said a Kuwaiti officer on Monday.
Air Comodore Adnan Al-Fadhli made the statement to reporters on the sidelines of a ceremony of the Chinese Embassy, marking anniversary of the Chinese People’s Liberation Army (PLA).
He added that all deals were within the strategic framework.
This strategy is based on several foundations, topped with concentrating on training and sharing military expertise between the two sides, Al-Fadhli noted.
Meanwhile, Defence Attache of the Chinese Embassy Colonel Zhang Ge said that Kuwait is the first Arab country to establish diplomatic relations with his country.
He added that traditional friendship ties between the two sides have been developing on all levels.
Addressing the ceremony, the attache pointed out that His Highness the Amir Sheikh Sabah Al-Ahmad Al-Jaber Al-Sabah, during his recent visit to Beijing, agreed with Chinese President Xi Jinping on establishing a strategic partnership so as to open new horizons.
He stressed that China considers Kuwait as a main partner for cooperation within the framework of the Belt and Road Initiative.
He also affirmed that China maintain regional peace and stability in the Arabian Gulf region.
The Chinese official elaborated that the strategic cooperation and mutual confidence would be extended to further levels, indicating that this will have a positive impact on the two friendly nations.
Meanwhile, a new study said that small and medium enterprises (SMEs) are vital to achieve sustainable development in Arab countries, reduce unemployment and create balanced income.
SMEs provide variety in goods, services and job opportunities, the study, conducted by the Arab Planning Institute in Kuwait said on Tuesday.
These projects boost production, allowing big companies to have lower cost and shorter time periods in
production, it noted.
SMEs are also perfect for investing in local resources, since they dont require big capitals. They also create balance between offer and demand in local markets with lower prices.
In the meantime, the study said that SMEs tend to protect the environment as they usually recycle and
use waste left by big factories and protect non-renewable resources.
These projects also adopt modern industry concepts such as time management, high quality, creativity and innovation, it added.
The study noted that governments must provide facilitation for SMEs since they can boost the
countries’ economies. These include supporting infrastructure for the projects, provide technical and economic consultation and facilitate loans and legal measures.
The Arab Planning Institute is a non-profit organization established in 1972 to support development in the Arab world.