(MENAFN- Kuwait News Agency (KUNA)) KUWAIT, March 7 (KUNA) -- Kuwait's investment forum showcases the bountiful opportunities that await investors from around the world, two national bodies said on Wednesday.
The co-organizers of the His Highness the Amir-sponsored forum on March 20-21, Kuwait Chamber of Commerce and Industry (KCCI) and Kuwait Direct Investment Promotion Authority (KDIPA), pointed out that the event would help build a competitive economy.
In a press conference, KCCI chairman Ali Al-Ghanim said that the public and private sectors have joined forces with staggering results thus far, citing the highly acclaimed conference over reconstruction in Iraq that Kuwait hosted recently.
He added that the forum, in its second edition, is an opportunity to display just how robust the Kuwaiti economy is, which in turn, dispels the notion that the country lags behind its Gulf neighbors in terms of development.
Al-Ghanim acknowledged the private sector's contributions towards the Kuwaiti economy's meteoric growth, saying a number of large-scale development projects have come to fruition in the last few years.
Meanwhile, KDIPA Director General Sheikh Dr. Mishal Al-Sabah said that the forum addresses various aspects of the Kuwaiti economy, including competitiveness and diversification, in addition to long-term plans for growth.
He added that the business-friendly environment in Kuwait, coupled with the country's strategic location, could lure foreign investors and put Kuwait on the fast track to economic development.
The forum brings together senior Kuwaiti officials as well as local and foreign investors, in addition to financial institutions, to examine investment opportunities and emerging industry trends. (end) fnk.ht.nam
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