Kuwait: Despite Economic Trouble, $120 bln Mega Projects ExecutedSource: www.export-egypt.com 2/15/2016, Location: Middle East |
|
|
|
|
|
Regardless of the current economic situation, primarily dwindling oil prices, major development projects valued in the vicinity of USD 120 billion are being carried out, said a Kuwait Chamber of Commerce and Industry (KCCI) member.
While meeting a visiting Omani commercial delegation, KCCI Member Tareq Al-Mutawaa said Kuwait's development projects and civil servants making up roughly 90 percent of the country's public and private workforce would not be affected by the present financial circumstances. He added that the Omani team's visit mainly aimed to explore Oman's available investment opportunities for Kuwaiti investors, hailing bilateral strong social and economic bonds. The head of the Omani delegation, Amer Al-Hajri said his country boasts a set of investment incentives, including foreign investors' ownership of shares in Omani businesses and tax exemptions. He added that Oman enjoys political and economic stability, unrestricted transfer of money and profits and free trade and easy access to world markets. Foreign companies, which provide trade, industrial and service activities, can open commercial representation offices in Oman, he pointed out. |
|
|
Financials and Investment News in Kuwait >> |
 |
|||||
|
Egypt >> 11/21/2024 - An International Monetary Fund (IMF) mission led by Ivanna Vladkova Hollar wrapped up in-person discussions with Egyptian authorities in Cairo regardi...
|
Egypt >> 11/21/2024 - The Engineering Export Council of Egypt (EEC) revealed that engineering industry exports increased by 25.6 percent from January to September, reaching...
|
|
Egypt >> 11/20/2024 - Prime Minister Dr. Mostafa Madbouly held a meeting this morning at the government headquarters in the New Administrative Capital with Mr. Chang Won Sa...
|
Egypt >> 11/20/2024 - Egyptian Prime Minister Moustafa Madbouly, with Mahmoud Esmat, Minister of Electricity and Renewable Energy Minister, and Sultan Al Jaber, UAE Ministe...
|
|
Egypt >> 11/20/2024 - Egypt and Australia have seen a significant surge in their bilateral trade relationship, with the trade volume increasing from $270 million in 2015 to...
|
Egypt >> 11/20/2024 - Egyptian Prime Minister Moustafa Madbouli chaired the Cabinet’s weekly meeting in the New Administrative Capital.
The Cabinet is set to add... |
| Kuwait Oil & Gas 1 >> 2 | 3 | 4 | 5 | |
