Kuwait protects rights of investors

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DUBAI, March 14: Director-General of the Kuwait Public Authority for Industry (PAI) Abdul Karim Taqi said on Sunday that the State of Kuwait possesses a distinguished legal and legislative infrastructure that preserves the rights of investors wishing to enter into investment in various sectors. In a speech during the launch of the activities of the Kuwait Industrial Week at the Expo Dubai 2020 exhibition, Taqi added that Kuwait also has advantages represented in its strategic location and low operating expenses for the practice of industrial activity in a manner that creates a highly competitive environment.

He said that the state represented by the Public Authority for Industry is in a permanent development to serve the industrial sector and continuously seeks to make the investment climate conducive to attracting industrial investors, which made it at the forefront of countries that aspire to raise its economic level, as reported by recent World Bank indicators. Taqi affirmed the authority’s keenness that participation with a number of leading factories would be an opportunity to represent the various industrial sectors in the country to highlight the quality, efficiency and development of industry in the State of Kuwait.

He explained that the Public Authority for Industry decided to form an industrial delegation that includes a group of Kuwaiti industrialists and distinguished industries in order to develop commercial relations to increase trade exchange between the two brotherly countries. He affirmed the authority’s interest in this distinguished participation in this event and the creation of real partnership opportunities between all participants in Expo 2020 and its various cultures and geographical dimensions that gathered in this beautiful edifice.

Taqi added that Kuwait is very keen to continue joint cooperation with the UAE, and this is confirmed by the directives of His Highness the Amir Sheikh Nawaf Al-Ahmad Al-Jaber Al-Sabah, may God protect him, to take all necessary measures to move forward in achieving the goals of sustainable development and transform the State of Kuwait into a global financial and commercial center. He explained that a comprehensive development plan has been drawn up for all state institutions to achieve the desired goals, in addition to the directives of His Highness the Crown Prince, Sheikh Mishaal Al-Ahmad Al-Jaber Al- Sabah, to pay attention to the industrial sector and his interest in creating new dimensions for the industrial sector while sharing strong income and enriching its sources. (KUNA)

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