Kuwait and Switzerland Sign MoU to Promote Direct Investment
Signing of a memorandum of understanding between Kuwait and Switzerland to develop economic and investment cooperation.
Translated by Qiyas from السياسة — Original source
- In the presence of the Crown Prince and the President of the Swiss Confederation at the Bellevue Palace in Bern, the capital.
- The memorandum aims to develop economic and investment cooperation and support investment opportunities between the two countries.
- Pammelan hosted a luncheon in honor of the Crown Prince and the official delegation accompanying His Highness.
In the presence of His Highness the Crown Prince, Sheikh Sabah Al-Khaled, and the President of the friendly Swiss Confederation, Guy Parmelin, a ceremony was held this morning at the Bellevue Palace in Bern, the Swiss capital, to sign a memorandum of understanding on (promoting direct investment) between the Kuwait Direct Investment Promotion Authority (KDIPA) and the Swiss Global Enterprise (SGE), as part of efforts to strengthen bilateral relations and expand the horizons of joint cooperation between the State of Kuwait and the friendly Swiss Confederation.
The memorandum was signed on behalf of the Kuwaiti side by Sheikh Dr. Meshal Jaber Al-Ahmad, Director General of the Kuwait Direct Investment Promotion Authority, and on behalf of the Swiss side by Ms. Magali Herro, Chief Executive Officer for Investment Promotion and a member of the Executive Board of Swiss Global Enterprise, in the presence of senior officials from both sides.
This memorandum reflects the keenness of the State of Kuwait and the Swiss Confederation to develop frameworks for economic and investment cooperation and enhance partnership in areas of mutual interest, thereby contributing to supporting direct investment opportunities, achieving mutual interests, and consolidating the distinguished relations between the two friendly countries.
In honor of His Highness the Crown Prince, Sheikh Sabah Al-Khaled, and the official delegation accompanying His Highness, President Guy Parmelin of the friendly Swiss Confederation hosted a luncheon at the Bellevue Palace in Bern, the Swiss capital, on the occasion of His Highness’s official visit to the Swiss Confederation.
