Loading ...U.S.– Arab Chamber Hosts Kuwait Delegation Touting “Paradigm Shift” To Business-Friendly Regulations
Washington, DC – Last week, on the sidelines of the U.S. – GCC Summit, the National U.S. – Arab Chamber of Commerce (NUSACC) hosted one of the highest-level public/private delegations in many years from the State of Kuwait. Led by H.E. Sheikh Meshaal Jaber Al Sabah, Director General of the Kuwait Direct Investment Promotion Authority, and the Honorable Douglas Silliman, U.S. Ambassador to the State of Kuwait, the delegation highlighted wide-ranging changes that are being made to transform Kuwait into a more investment-friendly destination. Some 200 U.S. companies registered for the event, which took place at the Ronald Reagan Building and International Trade Center in Washington DC. “Kuwait and the United States have shared a special relationship for many years . . . during tough times and good times, in the crucible of war, and in the shining light of independence,” noted David Hamod, President & CEO of the U.S. – Arab Chamber. “Against the backdrop of this special relationship, recent changes in the commercial landscape of Kuwait hold great potential for U.S. companies.” H.E. Sheikh Meshaal Jaber Al Sabah, Director General of KDIPA: Kuwait is interested in added-value investments, including “knowledge transfer, advanced technology, innovative ideas, and know-how.” During a two-day visit to New York and Washington DC, representatives of the U.S. Embassy, private businesses in Kuwait, and the Kuwait Direct Investment Promotion Authority (KDIPA) touted Kuwait’s emergence as a safe haven and a draw for investment. The DC event was organized in cooperation with the U.S. Department of Commerce and the U.S. Embassy in Kuwait, and sponsors included Boeing (Lead Sponsor), AECOM, and the Ronald Reagan Building and International Trade Center.
Read more at: http://www.nusacc.org/pressreleases/15KuwaitInvestmentRoundtablePRen.pdf