Kuwait calls for increased investment from China

KUWAIT CITY - Kuwait on Tuesday called on Chinese investors to increase investment in the country.

The call was issued by Rabah Al-Rabah, director general of Kuwaiti Chamber of Commerce and Industry, at the second Kuwait Investment Forum, which kicked off Tuesday in Bayan Palace in Kuwait City.

China and Kuwait currently maintain practical cooperation in a wide range of fields, especially within the framework of the Belt and Road Initiative, he said.

The initiative, proposed by China in 2013, aims to build a trade and infrastructure network connecting Asia with Europe and Africa along ancient trade routes.

"In the past few years, China has always been one of Kuwait's most important trading partners. We hope that more Chinese investors will come to Kuwait to do business," Al-Rabah noted.

"We encourage and support trade liberalization and policy of openness, opposing all trade barriers," he said, noting that it is also an important basis for encouraging foreign investment.

The two-day Kuwait Investment Forum will focus on the prospect of investment in the country, its commercial facilities, business opportunities, funding and sustainable development.

The first forum was held in March 2017, shedding light on Kuwait's approach toward sustainable development and innovation.