Kuwait City, Mar 26: In line with the directives of the wise government of Kuwait and its efforts to facilitate local investment and attract foreign investment within the Kuwaiti market, the Green Flame Gas Company was able to attract the Italian company SOL GROUP to invest inside Kuwait, with the will to apply for registration in the Direct Investment Promotion Authority (KDIPA), as Italian company.

SOL GROUP is one of the the largest listed companies in Milan and Green Flame Gas Company was keen, during its contract negotiations with the Italian company SOL GROUP, to set a joint venture for supporting the enhancement of the health care model

Green Flame Gas Company will establish Green Flamen Healthcare Company in order to sign a partnership contract with VIVISOL, one of the subsidiaries of the parent company SOL GROUP.

VIVISOL is one of the largest companies specialized in telemedicine and home treatment for respiratory and sleep apnea diseases, as it provides patients with medical and nursing care at the highest level, thanks to its rooted experience in this field is in accordance with European medical standards.

The contract signing ceremony between the two companies was held in the Italian city of Monza in the presence of the Chairman of the Board of Directors of the Green Flame Gas Company, Engineer Bashar Hussein Al-Qattan, the Chairman of the Board of Directors of SOL GROUP, Engineer Aldo Fumagalli Romario, and the Vice Chairman of the Board of Directors, Marco Annoni.

Both sides expressed their happiness with this strategic cooperation. Between the State of Kuwait and Italy, hoping that this joint cooperation will bring growth to both companies, which will help economic growth in the two countries.

On this occasion, the Chairman of the Board of Directors of the Green Flame Gas Company, Engineer Bashar Hussein Al-Qattan, said: “We are pleased to be aligned with the initiatives of the Minister of Health by putting quality and Innovation at the service of Kuwaitis to improve the quality of lives of Kuwaiti nationals. Further, our company was the first to respond to the invitation of the Kuwaiti government, when it opened commercial visits with the aim of stimulating the Kuwaiti economy and attracting foreign investors, and I take this happy occasion to thank His Highness the Chairman of the Board of Directors of the Green Flame Gas Company the Prime Minister Sheikh Dr. Muhammad Sabah Al-Salem, and to His Excellency Deputy Prime Minister, Minister of Defense and Acting Minister of Interior Sheikh Fahad Yousef Al-Sabah, to facilitate all procedures related to local and international companies, open the Kuwaiti market to local and foreign investment, and remove the previous obstacles that local companies faced in bringing Foreign investors like entry visas to Kuwait, and this indicates the wise policy pursued by the Kuwaiti government in attracting foreign investment, its insightful future outlook and its keenness for Kuwait to become a global commercial and financial center and a distinctive interface for investors, which helps revitalize the Kuwaiti economy and push the wheel of development to revolve and advance the country. "Kuwait is placed among the ranks of developed countries."

For his part, the Chairman of the Board of Directors of SOL GROUP, Engineer Aldo Fumagalli Romario, said, “It gives me great pleasure to sign a momentum of understanding today between our Italian company SOL GROUP and the Kuwaiti Green Flame Company setting the premise for this important partnership alliance that starting from Kuwait can for sure in the future extend also in other Gulf region nations like Jordan Barhein or Qatar.

I mention that our relationship with the Green Flame Gas Company has extended for a long time, and we are now happy to culminate this relationship. “we hope that this agreement will play an important role for economic growth, and will be a milestone in strengthening economic and development relations between the two countries.”

Aldo Fumagalli Romario added during his speech that SOL GROUP is nearly a century old as it was founded in 1927, and was listed on the Milan Stock Exchange in 1998, until the volume of its investments reached 131 million euros, and annual revenues reached more than one billion and 400 million euros annually, and the number of The company employs about 6,000 employees in its branches spread in more than 35 countries, and the number of patients that the company treats worldwide has reached more than 650,000 patients.

In conclusion, Al-Qattan stressed the importance of investment between the two countries, as global expertise in the medical field is transferred and exchanged to the State of Kuwait, noting that the Green Flame Gas Company always seeks to be a leader in the region, by attracting a large group of experienced engineers, consultants and technicians. In this field, it was able, in a short period, to reach the ranks of the first companies in the State of Kuwait to extend medical gas networks to private and government hospitals, explaining that the company conducts the necessary periodic training for all its employees, to learn about the latest global technology in the field of gas extensions, This is in order to provide the best practices for serving patients and maintaining their health, and this is one of the most important pillars of the company’s growth and prosperity in the region.