His Highness the Amir Sheikh Sabah Al-Ahmad Al-Jaber Al-Sabah on Wednesday urged for the encouragement of capital into the country to help diversify the economy and create work opportunities.
His Highness the Amir Sheikh Sabah Al-Ahmad emphasized the necessity of taking action to attract capital, diversify the national economy, create labor opportunities and boost businesses in the State.
His Highness the Amir made the emphasis anew as he hosted, at Bayan Palace, Minister of Commerce and Industry and Chairman of Kuwait Direct Investment Promotion Authority (KDIPA) Dr. Yousef Mohammad Abdullah Al-Ali, accompanied by General Director of the investment authority, Sheikh Dr. Meshaal Jaber Al-Ahmad Al-Sabah, and Board members.
The authority's officials delivered to His Highness the Amir the 2015 KDIPA annual report.
Minister Al-Ali presented His Highness with latest accomplishments by the authority, namely with respect of stimulating local and external investments, in addition to the continuous work for creating new economic opportunities toward sustainable development.
The authority had been established with aim of attracting external investments. The move had been coupled with diverse and attractive administrative and legal facilities.