Thursday, April 14, 2011

Iraq and Kuwait ~ Iraqi delegation mulls investment cooperation with Kuwait ...

4/13/2011
Iraqi delegation mulls investment cooperation with Kuwait
Kuwait, An Iraqi delegation, from Basra Province, visited the Kuwaiti Chamber of Commerce and Industry (KCCI) Wednesday to discuss enhancing economic and investment cooperation with Kuwait.

KCCI Director General Rabah Abdulrehman Al-Rabah welcomed the Iraqi guests and expressed hope that such a visit would help strengthening bilateral economic relations between the two neighboring Arab countries.

For his part, Basra Chamber of Commerce Deputy Chairman Mazen Abdul-Zuhra called for building a strong bilateral relations based on cooperation and mutual respect.

He also urged Kuwaiti investors to benefit from the investment opportunities in Iraq and asked Kuwait companies to contribute to the rebuilding of Iraq. Basra Investment Authority Chairman Haider Fadel vowed to take all necessary measures to facilitate Kuwaiti investors' work in Basra.

Fadel revealed that Kuwaitis own 1,000 buildings in Basra alone, 12 percent of the total number of registered buildings for individuals and companies.
http://www.kuna.net.kw/NewsAgenciesPublicSite/ArticleDetails.aspx?id=2159733&Language=en

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