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Boeing Co. plans to open permanent office in Kuwait
March 21, 2018, 10:59 am

The Boeing Company announced Tuesday a plan to open a permanent office in Kuwait this year. Recent studies by the giant US aircraft manufacturer have shown that until 2035; Kuwait needs 36,000 pilots and around 100,000 aircrewmen, in addition to the GCC member-state's ambitious plans to enhance its human cadres, Timothy Keating, Executive Vice President of Government Operations for Boeing, said in his speech at the first session of Kuwait Investment Forum 2018 (KIF2018).

Kuwait's recent measures of facilitations and reformations would inspire international companies, including Boeing, to visit the country, Keating said, noting that training courses for pilots and cadres are to be organized in cooperation with Kuwaiti aviation bodies.

For his part, Omar Al-Ghanim, CEO of Alghanim Industries and Chairman of Gulf Bank, said Kuwait has several factors and reasons eligible to attract capitals to invest in it, notably the country's geographic location and its new and enhanced infrastructure.

Kuwait, like several other countries around the world, contributes to youth development, in addition to encouraging youngsters to work in the private sectors through establishing a backing fund, worth US$ 7 billion, to support and encourage young entrepreneurs, Al-Ghanim noted, adding that Kuwait also has modern laws and regulations.

The second edition of KIF2018 is held under the patronage of His Highness the Amir Sheikh Sabah Al-Ahmad Al-Jaber Al-Sabah between March 20 and 21 at the Jaber Al-Ahmad Cultural Center (JACC) in Kuwait City. The two-day event aims to support the continued efforts directed toward boosting Kuwait's economy and improving its business environment.

It also aims to reiterate the governments' interest in promoting and facilitating value-added investments into Kuwait's dynamic market, which focuses on the private sector leading economic activity, innovation, and competitiveness.

It is co-organized by the Kuwait Direct Investment Promotion Authority (KDIPA) and the Kuwait Chamber of Commerce and Industry (KCCI).

Source: KUNA

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