Kuwait signed $27 bln of deals in Asian tour-paper

August 18, 2008 at 4:29 am Leave a comment

KUWAIT, Aug 17 (Reuters) – Kuwait signed more than $27 billion of investment agreements with nine Asian countries, including Brunei and the Philippines, during an Asian tour this month, its finance minister said in remarks published on Sunday.

The agreements were in the economic, oil, health and foreign affairs sectors, daily Awan cited Mustapha al-Shamali as saying.

“The value of the accords and economic and commercial protocols are more than $27 billion, with $3 billion to $4 billion of investments and possible commercial partnerships with each country,” Shamali said.

Shamali and Kuwaiti Prime Minister Sheikh Nasser al-Mohammad al-Sabah went on a tour of eight Asian countries this month to boost trade ties.

Kuwait would also “cooperate with South Korea, Thailand and the Philippines, in the health sector”, Shamali said, without giving details.

Kuwait is talking with Asian countries, including Cambodia, about securing food supplies and investing in agriculture as the Gulf state looks to diversify its sources of food, the state news agency KUNA reported on Saturday. [ID:nLG655656]

A delegation including the Kuwait Investment Authority, a sovereign wealth fund, will visit Cambodia, Laos and Myanmar this month to look at investments in agriculture and industry, KUNA cited Shamali as saying on Saturday.

Kuwait wants to boost investments across asset classes in Asia with a focus on Japan, China and India, Shamali said last month.

Advertisements

Entry filed under: Economy and Trade. Tags: .

Cambodian King to preside over inauguration of National Assembly Thai premier visits controversial border temple on eve of talks

Leave a Reply

Fill in your details below or click an icon to log in:

WordPress.com Logo

You are commenting using your WordPress.com account. Log Out / Change )

Twitter picture

You are commenting using your Twitter account. Log Out / Change )

Facebook photo

You are commenting using your Facebook account. Log Out / Change )

Google+ photo

You are commenting using your Google+ account. Log Out / Change )

Connecting to %s

Trackback this post  |  Subscribe to the comments via RSS Feed


August 2008
M T W T F S S
« Jul   Sep »
 123
45678910
11121314151617
18192021222324
25262728293031

Current visitors

counter

Blog Stats

  • 93,527 hits

%d bloggers like this: