11/15/2017

Kuwait and Turkey forge MoU to boost bilateral investments

President Recep Tayyip Erdoğan’s official visit in Kuwait to hold talks with Kuwait’s Amir Sheikh Sabah Al-Ahmad Al-Jaber Al-Sabah saw a number of agreements concluded in fields such as the economy, military, culture, science, and sports.

 

Among the agreements was an MoU for the encouragement of bilateral investments between Turkey and Kuwait that was inked by ISPAT President Arda Ermut and Director General of Kuwait’s Direct Investment Promotion Authority (KDIPA) Sheikh Dr. Meshaal Jaber Al Ahmed Al-Sabah. Under the terms of the MoU, the two investment promotion agencies will exchange investment related information, expertise, and technical know-how with the aim to increase mutual investments and expand available investment opportunities.

 

On a separate occasion later the same month, the ISPAT delegation together with Turkish private equity companies visited Kuwait and Qatar to cultivate long-term relations between global limited partners and Turkish general partners.

kuwait; turkey; mou; investment; fdi

ENGLISH