Private sector figures discussed on Wednesday with visiting Russian economy delegation, at Kuwait Chamber of Commerce and Industry (KCCI), ways to strengthen bilateral investments and joint ventures.
KCCI First Deputy Chairman Khaled Al-Saqer highlighted in a speech how strong economic and commercial relations between the two countries were, calling on Russian investors to engage in development projects, especially in energy, transportation, infrastructure, and benefit from new laws that help foreign investors in Kuwait.
Al-Saqer added that the chamber is fully prepared to handover information on the new laws and in turn, to provide Kuwaiti investors with investment opportunities offered by the Russian delegation to seize the appropriate opportunities.
For his part, head of the Russian delegation called on Kuwaiti investors to take advantage of investment opportunities offered in his country in various sectors.
The Russian official also listed a number of economic factors to foreign investors, including information on Russia investment laws, in addition to the Russia vast markets and in Asian different regions to encourage exports, in addition to multiple natural resources.
Kuwait's imports from Russia reached around KD 8.5 million in the second quarter of this year, while Kuwait's exports to Russia amounted to about KD 216,000 for the same period.