CMA exerts efforts in bid to attract foreign investments

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KUWAIT CITY, March 7: The Capital Markets Authority, in collaboration with the Kuwait Clearing Company, took part in the HSBC Middle East, North Africa, and Turkey Forum for 2024, held in Dubai at the end of February, reports Al- Qabas daily. This activity marks a continuation of CMA’s efforts to attract foreign investments and align with best international practices.

During the forum, the authority held a series of meetings with major foreign investment institutions and international investment banks. These discussions aimed to introduce the Kuwaiti capital market system, present investment opportunities, and highlight recent developments in the capital market system development project. Of particular focus were the ongoing tests in preparation for the launch of the central broker and the establishment of a separate entity by the Kuwait Clearing Company to fulfill this role.

Through these meetings, the authority received various proposals and inquiries concerning the investment environment in the region and the potential application of similar models in Kuwait. This exchange of ideas and information underscores the authority’s commitment to fostering a robust and dynamic investment landscape. The forum also featured workshops and panel discussions involving stakeholders from stock exchanges, clearing agencies, regulatory bodies, and investment banks.

These sessions provided a platform to discuss key financial market projects in the region and address significant issues and developments shaping these markets. By actively engaging with international stakeholders and participating in forums like the HSBC event, the Capital Markets Authority demonstrates its dedication to enhancing Kuwait’s capital market ecosystem and attracting foreign investment to fuel economic growth and development.

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