Al-Hajraf confirms Kuwait support to private sector

KUWAIT: Kuwaiti Finance Minister Dr Nayef Al-Hajraf yesterday discussed with his Kyrgyz counterpart Baktygul Jeenbaeva issues of mutual interest, particularly Kuwait Fund for Arab Economic Development (KFAED) projects in Kyrgyzstan and Kuwait's 2035 vision. The issues were highlighted during the meetings of the second session of the Kuwaiti-Kyrgyz Ministerial Committee on Economic and Technical Cooperation according to the Kuwaiti Finance Ministry's statement.
In the meeting, Al-Hajraf confirmed Kuwait's support to the private sector as a major partner in supporting the national economy through finding suitable investment and trade opportunities. Al-Hajraf called on the Kyrgyz government to provide more investment opportunities with a profitable return, providing facilities and guarantees for the transfer of foreign capital.

A memorandum of understanding was signed in the field of endowments and Islamic affairs, in addition to discussing ways of boosting bilateral cooperation in various fields, most notably economic, along with cooperation in commercial, tourist, industrial, as well as religious and cultural fields.

The committee's meetings started last Tuesday, lasting two days, during which the Kuwaiti side was headed by Assistant Undersecretary for Economic Affairs at Kuwaiti Finance Ministry Nabil Al-Abduljalil, while the Kyrgyz side was headed by Deputy Minister of Economy of Kyrgyzstan Sultan Akhmatov. The meetings were based on the agreement signed between Kuwait and Kyrgyzstan on December 15, 2015. - KUNA