Invest Cyprus delegation outlines investment opportunities and possible ways of cooperation in Kuwait visit

An Invest Cyprus delegation, consisting of George Campanellas and Sarris Demetriou, discussed investment opportunities in Cyprus and possible ways of cooperation during contacts in Kuwait with private investors and governmental bodies of the country.


According to an Invest Cyprus press release, in the framework of the implementation of its strategy to promote Cyprus in the wider Middle East and Gulf region, Invest Cyprus carries out targeted promotional activities on the ground in key markets in the region.


In particular, Managing Director of Kuwait Investment Authority, Ghanem Suleiman Al-Ghenaiman, and its Executive Director, Ahmad Bastaki, were informed about recent developments in the economy, efforts to leverage the Recovery and Resilience Plan for green and digital transition and the new long-term strategy for sustainable development Vision 2035.


Investment opportunities in key sectors of the economy and major development projects were also presented, while possible ways of cooperation between Invest Cyprus and the country’s sovereign wealth fund were discussed.


The Invest Cyprus delegation also met with Director General of the Kuwait Direct Investment Promotion Authority, Sheikh Dr. Meshaal Jaber Al-Ahmad Al-Sabah, as well as with the Director of International Relations of the Kuwait Chamber of Commerce and Industry, Salah Eyadah, promoting the prospects for further development of bilateral relations.


The Ambassador of the Republic of Cyprus to Kuwait, Michael Mavros, who attended the meetings, said that the excellent level of political cooperation between the two countries should translate into closer relations at all levels, including tourism, trade and investment.


Further, as part of the visit, Invest Cyprus organised the Cyprus-Kuwait Investment Forum, which was attended by leading executives of Kuwaiti state-owned companies, family offices and businessmen from the Gulf region.


Invest Cyprus representatives outlined to a targeted audience the advantages of Cyprus as an ideal choice for accessing the European market and presented investment opportunities available in the various sub-sectors of the economy.


According to the statement, Invest Cyprus’ efforts to promote Cyprus in the markets of the Gulf region are expected to continue in 2023, with additional actions to promote Cyprus as a business and financial centre, as well as an investment destination.


“The United Arab Emirates, Saudi Arabia, Kuwait, Qatar and Bahrain make up a region with endless potential for us and as the relevant State Investment Agency, we are making continuous efforts by leveraging the upgraded bilateral relations,” said Invest Cyprus CEO George Campanellas.


Source: Cyprus News Agency

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