Ministry of Finance Participates in Meeting of the Investment, Environment, and Infrastructure Coordination Committee Under the Kuwait-Saudi Coordination Council
The Kuwaiti Ministry of Finance participates in a meeting of the committee stemming from the Kuwait-Saudi Coordination Council to discuss investment and infrastructure.
Translated by Qiyas from كونا — Original source
Kuwait City, Sept 30 (KUNA) -- The Ministry of Finance participated today, Wednesday, in the third meeting of the Coordination Committee on Investment, Environment, and Infrastructure, a body stemming from the Kuwaiti-Saudi Coordination Council, via video conferencing.
In a press release, the ministry stated that the meeting reviewed updates on joint initiatives and monitored their implementation progress, alongside exploring ways to enhance cooperation in investment, environment, and infrastructure, and to develop joint projects that serve the strategic interests of the two fraternal countries.
It noted that the meeting also reviewed past joint efforts to exchange investment opportunities between the two countries, prepare the necessary environment and support for investors, and exchange views and work programs for several flagship projects aimed at achieving food security in both nations.
The statement quoted Assistant Minister of Finance Asil Al-Munaifi as saying that the Kingdom of Saudi Arabia’s stance alongside the State of Kuwait during recent developments in the region, and its mobilization of resources to ensure the flow of goods, is appreciated and commended by the Kuwaiti government and people.
Al-Munaifi emphasized the importance of bilateral coordination and joint work among various entities in both countries, as well as continuous bilateral communication to keep pace with challenges, particularly in the commercial and economic fields.
At the conclusion of the meeting, the meeting minutes were signed, which included a number of initiatives and work plans for the coming period in several areas, most notably finance, investment, development, railways, and other priority sectors for both countries.
The Kuwaiti side was chaired by Assistant Minister of Finance Asil Al-Munaifi, while the Saudi side was chaired by Assistant Minister of Investment for International Investment Relations Abdulmajeed Al-Badrani, with the participation of representatives from various relevant government entities in both countries. (End) A.Kh / A.M.H
