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Kuwait's humanitarian record highlighted

February 15, 2018 6:25 AM
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Kuwait, Feb. 15 (BNA): -- Kuwait's Deputy Prime Minister and Minister of State for Cabinet Affairs Anas Al-Saleh said his country added to its humanitarian record through its support to stability in Iraq.

"Stability in Iraq will impact positively on the Arab region and the world at large", Al-Saleh said on Wednesday following Kuwait International Conference on Reconstruction of Iraq (KICRI).

He also said "In his speech to the conference, His Highness the Amir of Kuwait Shaikh Sabah Al-Ahmad Al-Jaber Al-Sabah pledged two billion dollars in aid of Iraq," according to Kuwait News Agency (KUNA).

"These include one billion dollars allocated to loans for key development projects that will be supervised by Kuwait Fund for Arab Economic Development and a similar sum from all Kuwaiti government institutions, including the Public Investment Authority, in the form of capital investment. "This is the ideal contribution to Iraq's recovery in terms of economic development and investment," he added.

The large number of representatives of the private sector from around the globe at attendance in the conference signals the desire of global investors to tap into the promising opportunities in Iraq, he said, adding that Kuwait play as key gateway for investments and logistics into Iraq, KUNA reported.


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