Wednesday , September 26 2018

TEC participates in KIF 2018 – Al-Marzouq sheds light on role of tourism sector as magnet for investments

KUWAIT CITY, March 24: The Touristic Enterprises Company (TEC) recently took part in the second Kuwait Investment Forum (KIF 2018), which was co-organized by the Kuwait Direct Investment Promotion Authority (KDIPA) and the Kuwait Chamber of Commerce and Industry (KCCI), and held under the patronage of His Highness the Amir Sheikh Sabah Al-Ahmad Al-Jaber Al-Sabah. The landmark economic forum saw the attendance and participation of His Highness the Crown Prince, Sheikh Nawaf Al-Ahmad, Speaker of the National Assembly, Marzouq Al-Ghanim, and His Highness the Prime Minister Sheikh Jaber Al-Mubarak, as well as a number of distinguished government officials, industry leaders, and influential decision makers.

The two-day Forum sought to shed light on the various characteristics that make Kuwait an attractive investment market. It additionally showcased the significant developments that have taken place in recent years within Kuwait’s business environment, in terms of regulation, investment opportunities, and emerging trends. It also aimed to reaffirm the government’s interest in promoting the role of the private sector in spearheading national development, by facilitating value-added investments into Kuwait’s dynamic market

TEC’s CEO, Abdulwahab Ahmed Al-Marzouq, took part in the third session on the Forum’s second day, entitled “Investment Opportunities – Lucrative Options in Dynamic Sectors”. Featuring a panel of notable speakers from across various vital industries, the session addressed the implementation of Kuwait Vision 2035, and the multitude of investment opportunities that it will generate. On his part, Al-Marzouq spoke about the role of the tourism sector as a magnet for investments and being one of the key components in transforming Kuwait into an attractive investment hub. During his talk, Al- Marzouq also showcased some of the key projects currently being developed by TEC, under the umbrella of the Company’s future vision and strategic plans.

It serves to note that TEC is currently in the process of putting together a comprehensive development strategy focused on rejuvenating and upgrading the tourism and entertainments sectors in Kuwait, with the help of its industry-leading global partners. The Company has a number of ambitious and expansive projects in its pipeline, which include the restoration and renovation of its current facilities, as well as the launch of several future development projects. Within this context, TEC’s robust plans aim to drastically and sustainably transform the economic, architectural and business infrastructures of the country’s tourism and leisure industries over the next few years.

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