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Kuwait Investment Authority opens representative office in Saudi Arabia

The Kuwait Investment Authority (KIA) has launched a representative office in Saudi Arabia to strengthen economic and investment ties between the two countries.

The Kuwait Investment Authority (KIA) announced the opening of a representative office in the Kingdom of Saudi Arabia, signifying a strategic move to strengthen economic and investment ties between the two Gulf nations.

According to reports by Al-Jarida newspaper, Dr. Anwar Al-Mudhaf, Kuwaiti Minister of Finance, Minister of State for Economic Affairs and Investment, and Chairman of the KIA Board of Directors, made the announcement.

This initiative underscores a commitment to fostering closer relations between Kuwait and Saudi Arabia, particularly in the realms of economy and investment. Dr. Al-Mudhaf acknowledged the remarkable economic development and growth trajectory of Saudi Arabia, which has developed an immaculate investment environment attracting global interest.

He further emphasized the significance of the Saudi economy, highlighting its position as one of the world’s largest, its permanent membership in the influential Group of Twenty (G20), and its prominent role within the Organization of the Petroleum Exporting Countries (OPEC).

Dr. Al-Mudhaf also recognized the Kingdom’s growing economic and investment clout, and its increasing influence on international economic decision-making.

The KIA’s representative office in Saudi Arabia is strategically positioned to explore and capitalize on promising investment opportunities. This presence will undoubtedly pave the way for enhanced cooperation with both Saudi and global companies on joint ventures that contribute to the economic development of both nations.

Dr. Al-Mudhaf concluded by stressing that the establishment of the representative office will contribute significantly to strengthening trade and investment exchange between Kuwait and Saudi Arabia. This strategic move is expected to solidify bilateral relations and unlock new avenues for collaborative economic and investment endeavors.

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