(MENAFN- Kuwait News Agency (KUNA)) KUWAIT, Nov 25 (KUNA) -- Kuwait Chamber of Commerce and Industry (KCCI) Board member Mohammad Al-Saqer said Sunday the chamber is ready to use its potentials to open new economic horizons to establish investment, commercial and strategic partnerships between Kuwaiti companies and their Cypriot counterparts.
KCCI participated in Kuwait-Cyprus Economic Forum, which was held here today with the presence of Cypriot Foreign Minister Nicos Christodoulides and Kuwaiti Ambassador to Cypros Waleed Al-Kandari, Al-Sager said in a statement.
The Cypriot economic delegation included representatives of the private sector, headed by President of Cyprus Chamber of Commerce and Industry Christodoulos Angastiniotisa and companies representing the sectors of real estate development, hotels, investment, banks and infrastructure.
The meeting discussed strengthening joint economic relations in addition to the investment environment in Cyprus, as well as presenting the vision of (New Kuwait 2035), including major projects in the sectors of oil industry, infrastructure, ports, health and education, Al-Sager added.
The local private sector will play a key role in the implementation of these projects through the public-private partnership system, which opens great areas of cooperation with the Cypriot side for fruitful cooperation and seeking to expand the base of economic cooperation between the two friendly countries, he confirmed.
For his part, Christodoulides said that his country's government is striving to adopt laws that create a fertile environment for attracting foreign capital, adding that his country has vital sectors for investment, mainly tourism, agricultural production and the manufacture of various foodstuffs.
Christodolidis called on the Kuwaiti business sector to visit his country and learn about the opportunities for investment projects. (end) fnk.ht.ss
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