Deputy Minister of Finance: Kuwait appreciates Saudi support and reaffirms strengthening of economic and trade coordination
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The third meeting of the Kuwaiti-Saudi coordination committee concluded with the presence of Asel Al-Munifi, where a protocol was signed outlining investment and infrastructure initiatives.
Translated by Qiyas from الأنباء — Original source
The third meeting of the Coordination Committee on Investment, Environment, and Infrastructure, a body emanating from the Kuwaiti-Saudi Coordination Council, concluded yesterday via video conference. The Kuwaiti side was chaired by Asil Al-Munif, Undersecretary of the Ministry of Finance, while the Saudi side was chaired by Abdulmajeed Al-Badrani, Undersecretary for International Investment Relations at the Ministry of Investment. Representatives from various relevant government entities and agencies in both countries participated in the meeting.
During the session, participants reviewed updates on joint initiatives and monitored their implementation progress, alongside exploring ways to enhance cooperation in the fields of investment, environment, and infrastructure, and developing joint projects to serve the strategic interests of the two brotherly nations. The meeting also reviewed past joint efforts to exchange investment opportunities between the two countries, facilitate the necessary environment and support for investors, and share visions and work programs for several flagship projects aimed at achieving food security in both countries.
In her remarks, Asil Al-Munif, Undersecretary of the Ministry of Finance, highlighted that Saudi Arabia’s stance alongside Kuwait during recent developments in the region, and its mobilization of resources to ensure the flow of goods, are highly appreciated and commended by the Kuwaiti government and people. She emphasized the importance of bilateral coordination and joint action among various entities in both countries, as well as continuous bilateral communication to keep pace with challenges, particularly in the commercial and economic sectors.
At the conclusion of the meeting, the minutes of the third meeting of the Coordination Committee on Investment, Environment, and Infrastructure between the State of Kuwait and the Kingdom of Saudi Arabia were signed. The document included a number of initiatives and work plans for the coming period in several key areas, most notably finance, investment, and development, as well as railways, among other priority sectors for both countries.
