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Deputy FM calls for activating ‘economic diplomacy’ – Bid to lure foreign investments

Deputy Foreign Minister Khaled Al-Jarallah

KUWAIT CITY, June 23, (KUNA): The Kuwaiti Deputy Foreign Minister has underscored necessity of activating “the economic diplomacy” and working diligently to lure foreign investments to the country.

Khaled Al-Jarallah, also the head of the permanent committee for following-up on implementation of the five year development plan and the government tasks, was speaking on Saturday during a training course, themed “means of attracting the foreign investor … laws and goals.”

Al-Jarallah, sponsor of the course, was quoted by a ministry statement as noting necessity to draw attention to the facilities provided by the Kuwaiti authorities for the entrepreneurs for sake of diversifying national income.

The deputy foreign minister lauded noticeable role in this respect by the Kuwait Direct Investment Promotion Authority, led by its Director General, Sheikh Dr Meshaal Jaber Al- Ahmad Al-Sabah.

The course is designed to publicize Kuwait as an attractive investment country, educating personnel on relevant regulations. A special team has organized the course, during which Sheikh Abdullah Sabah Al-Sabah, the assistant director general of investments for diplomats joining the missions abroad, addressed the participants.

Kuwait has diplomatic missions worldwide. The envoys are involved in a variety of activities including the promotion of investment opportunities available in the country and diverse incentives for the business community.

The country is currently in the executive process of the national development strategy, Vision 2035, in line with the approach to attain His Highness the Amir key goal, transforming Kuwait into a lucrative business hub in the Gul

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