Kuwait Chamber encourages Portuguese investors to take part in projects

Through the utilization of the Public-Private Partnership (PPP) system, Kuwait Chamber of Commerce and Industry (KCCI) has extended a request for Portuguese companies to contribute to Kuwait development projects.

KCCI Board Member Tariq Al-Mutawaa encouraged Portuguese construction companies to benefit from the building and construction projects in Kuwait. The invitation was extended at the reception of Portuguese economic delegation, which was headed by Arab-Portuguese Chamber of Commerce and Industry Secretary-General Aida Bou-Abdullah.

A vast number of projects were listed in the state’s annual or medium-term development plans for Kuwait in the food security, renewable energy, bridges, infrastructure, and oil industries. Al-Mutawaa highlighted the value of having Portuguese companies take part in these projects in hopes that the technology and innovation used in Portugal would translate into profit and development in Kuwait.

Bou-Abdullah stressed the point that joint ventures with Kuwait businessmen have been something Portuguese investors have desired for some time. In addition, the same invitation was made from Portugal leaders, encouraging Kuwait investors to take part in ongoing projects throughout the country.

The meeting between leaders from the two countries was meant to better the collaborative efforts on both parts and offer opportunities to strengthen the economies of both countries.