WAIPA President: Importance of unifying international efforts to face rapid economic and investment challenges
Mala Yaqoub participates in the Global Investment Forum in Geneva with a high-ranking Kuwaiti delegation
Translated by Qiyas from الراي — Original source
This statement was made by Mala Yaqoub in an interview with the Kuwait News Agency (KUNA) on the sidelines of the 30th edition of the World Investment Forum, held in Geneva from November 10 to 12. He emphasized that the current phase requires strengthening the exchange of expertise and successful experiences among countries, as well as enhancing the capacity of national economies to attract high-quality investments and achieve economic growth.
He noted that the forum, under the theme “Enhancing Investment for Shared Prosperity: Towards a Resilient and Sustainable Future,” has become a crucial platform for fostering international cooperation and exchanging experiences among investment promotion agencies worldwide, thereby contributing to increased foreign direct investment (FDI) inflows and supporting sustainable economic development.
He stressed that the International Organization of Investment Promotion Agencies will continue its role as an international platform for sharing expertise, building partnerships, and developing practical solutions, enabling countries to keep pace with global transformations and capitalize on new investment opportunities.
In this context, Mala Yaqoub stated that the Kuwaiti delegation, led by the Minister of State for Economic and Investment Affairs and Acting Minister of Commerce and Industry, Abdulaziz Al-Marzouq, reflects Kuwait’s commitment to strengthening its presence at international investment forums and expanding cooperation with relevant bodies and institutions promoting FDI globally.
He clarified that the Kuwait Foreign Direct Investment Promotion Authority is participating in organizing this global event as part of its role under Kuwait’s presidency of the organization, thereby enhancing Kuwait’s presence and contribution to international efforts aimed at developing the investment framework and exchanging best practices and experiences among countries.
He pointed out that the three-day conference addresses several key issues, including developments in the global economy, geopolitical and technological changes, supply chain challenges, industrial policies, digital infrastructure, sustainable finance, as well as the development of legislation, policies, and procedures designed to facilitate foreign direct investment.
Mala Yaqoub affirmed that the significance of such meetings lies in translating discussions and recommendations into actionable steps and effective partnerships, enabling investment promotion agencies to attract high-quality investments, enhance national competitiveness, create jobs, and facilitate technology and knowledge transfer, thereby supporting the diversification of income sources and national economies.
