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Kuwait, Japan enjoy "strong" Investment Ties

Source: www.export-egypt.com 12/13/2015, Location: Middle East

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Kuwait Direct Investment Promotion Authority (KDIPA) Director General Sheikh Dr. Meshaal Jaber Al-Ahmad Al-Jaber Al-Sabah said that Kuwaiti-Japanese relations in the fields of investment and economy are "strong." The remark was made during a meeting held on Sunday between officials from KDIPA and Japan Foreign Trade Council (JFTC) in Dubai.

The meeting followed a previous meeting that was held in the Japanese capital earlier in March, Sheikh Meshaal said to KUNA. The meeting tackled Kuwait's investment laws, investment opportunities and benefits provided for foreign companies, most importantly: the exemption of corporate income tax and the exemption of customs tariff.

In addition, the meeting shed light on investment opportunities in the State of Kuwait, giving example of foreign companies that have been successful in the country.

The meeting was attended by Kuwait Consul General in Dubai and UAE's Northern Emirates Theyab Al-Rashidi, KDIPA Assistant Director General for Business Mohamed Yousef Yaqoub, KDIPA Head of Licensing and Investment Registry Sheikh Abdullah Sabah Humoud Al-Sabah and KDIPA Head of Investment Promotion Bader Al-Jeddi.

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