{"id":4272,"date":"2019-01-21T05:23:47","date_gmt":"2019-01-21T05:23:47","guid":{"rendered":"http:\/\/192.163.207.100\/~timesku1\/news\/?p=4272"},"modified":"2019-01-21T05:23:47","modified_gmt":"2019-01-21T05:23:47","slug":"kuwait-announces-plan-for-200-million-tech-investment-fund","status":"publish","type":"post","link":"https:\/\/timeskuwait.com\/news\/kuwait-announces-plan-for-200-million-tech-investment-fund\/","title":{"rendered":"Kuwait announces plan for $200 million tech investment fund"},"content":{"rendered":"

Kuwait has launched an initiative to form a USD 200 million fund for investments in technology, Kuwaiti Deputy Prime Minister and Foreign Minister Sheikh Sabah Al-Khaled Al\u00adHamad Al\u00ad-Sabah said on Sunday.<\/p>\n

Addressing an Arab economic summit held in Beirut, citing economic cooperation as the Arab region’s “primary concern,” the Kuwaiti minister, who is His Highness the Kuwaiti Amir Sheikh Sabah Al\u00adAhnmad Al\u00adJaber Al\u00adSabah’s representative for the talks, described the initiative as a step towards embracing a digital economy.<\/p>\n

He mentioned that His Highness the Amir created a fund to prop up small enterprises in the Arab region back in 2009, with Kuwait contributing a share of USD 500 million.<\/p>\n

The fund has helped save some 437,000 jobs in the region, while it financed more than 7,000 Arab\u00admade development projects, which shows His Highness the Amir of Kuwait’s vision of investing in “valuable youth power.”<\/p>\n

Given their “intertwined fates,” he spoke of the “close rapport” that Arab nations have forged over the years, having held talks on a regualr basis in a bid to attain prosperity and development.<\/p>\n

Sheikh Sabah Al-\u00adKhaled renewed his appreciation and trust in the business agenda of the summit, thanking Lebanese president Michel Aoun for his hospitality and support.<\/p>\n

Source: KUNA<\/em><\/p>\n","protected":false},"excerpt":{"rendered":"

Kuwait has launched an initiative to form a USD 200 million fund for investments in technology, Kuwaiti Deputy Prime Minister and Foreign Minister Sheikh Sabah Al-Khaled Al\u00adHamad Al\u00ad-Sabah said on Sunday. Addressing an Arab economic summit held in Beirut, citing economic cooperation as the Arab region’s “primary concern,” the Kuwaiti minister, who is His Highness […]<\/p>\n","protected":false},"author":1,"featured_media":4273,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[35,2],"tags":[],"class_list":["post-4272","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-business","category-featured"],"yoast_head":"\nKuwait announces plan for $200 million tech investment fund - TimesKuwait<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/timeskuwait.com\/news\/kuwait-announces-plan-for-200-million-tech-investment-fund\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Kuwait announces plan for $200 million tech investment fund - TimesKuwait\" \/>\n<meta property=\"og:description\" content=\"Kuwait has launched an initiative to form a USD 200 million fund for investments in technology, Kuwaiti Deputy Prime Minister and Foreign Minister Sheikh Sabah Al-Khaled Al\u00adHamad Al\u00ad-Sabah said on Sunday. 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