Mongolia woos Kuwaiti investors

By Nisreen Zahreddine, Staff Writer


KUWAIT: Mongolian Prime Minister Sokhbater Botbold and an accompanying delegation visited Kuwait's Chamber of Commerce yesterday with the goal of strengthening the two countries economic ties. The prime minster explained that the delegation's visit is an attempt to promote investment in Mongolia's private and public sector, especially in mining, food security, energy, banking, infrastructure and real estate.

Botbold explained the characteristics of foreign investment in his country, stressing the Mongolian government's interest to attract Kuwaiti capital to the basic projects their cabinet is planning to carry out. He explained that Mongolia's huge natural wealth, limited population and previously signed free trade agreements with international markets such as Europe, the United State, China and Japan make investing in Mongolia very promising.

He invited investors to visit his country and take a close look at the investment opportunities offered by his country and to take advantage of the bilateral agreement signed between the two countries.

Chairman of Kuwait's Chamber of Commerce, Ali Al-Ghanim welcomed the Mongolian delegation and asserted that the Chamber of Commerce gives special attention to encourage increasing the amount of Kuwaiti investors in Mongolia, especially in the fields that serve the business sectors of both countries. He added that the private sector in both countries fall under a free economic regime that is distinguished for its open nature and interest in encouraging foreign investment.

He pointed out that Kuwait's Chamber of Commerce is following up on Mongolia's current efforts to execute an ambitious economic plan that will encourage development. Al-Ghanim stressed the importance of the strong bilateral relations between Kuwait and Mongolia and pointed out that trade between the two countries is unjustifiably modest.

Source:www.kuwaittimes.net (Daily Newspaper of Kuwaiti)

Share:

0 comments:

Post a Comment

Facebook page

Powered by Blogger.

Categories

Advertising in Mongolia An Asian Development Bank Culture Editorial of the Mongolianviews education Environmental protection Famous Mongolians Foreigners in Mongolia Inner Mongolia Ivanhoe Mines Mongolia Adventure Mongolia agriculture Mongolia air pollution Mongolia analysis Mongolia and Armenia Mongolia and Asian Development Bank Mongolia and Australia Mongolia and Azerbaijan Mongolia and Belorussia Mongolia and Bulgaria Mongolia and Cambodia Mongolia and Canada Mongolia and central Asia Mongolia and China Mongolia and Cuba Mongolia and Czech Mongolia and donors Mongolia and EU Mongolia and Germany Mongolia and Hongkong Mongolia and Hungary Mongolia and IFC Mongolia and IMF Mongolia and Ind Mongolia and India Mongolia and Indonesia Mongolia and Inner Mongolia Mongolia and Iran Mongolia and Israel Mongolia and Italy Mongolia and Japan Mongolia and Kazakhstan Mongolia and Korea Mongolia and Kuwait Mongolia and Kyrgyzstan Mongolia and Malaysia Mongolia and Nato Mongolia and North Korean Mongolia and Poland Mongolia and Qatar Mongolia and Russia Mongolia and Russia and Mongolia and China Mongolia and Singapore Mongolia and South Korea Mongolia and Taiwan Mongolia and Thailand Mongolia and the world Mongolia and Tibet Mongolia and Turkey Mongolia and UK Mongolia and Ukraine Mongolia and UN Mongolia and US Mongolia and USA Mongolia and Vietnam Mongolia Banking Mongolia blind Mongolia Cashmere Mongolia Christianity Mongolia civic society Mongolia Corruption Mongolia crime Mongolia diplomacy Mongolia Economy Mongolia Education Mongolia Energy Mongolia environment Mongolia Finance Mongolia Health Mongolia History Mongolia holiday Mongolia in international media Mongolia Industries Mongolia investment Mongolia Joke Mongolia law Mongolia LGBT Mongolia medical Mongolia military Mongolia Mining Mongolia Mining Developments Mongolia Mortgage Mongolia natural disaster Mongolia news media Mongolia Nuclear Mongolia Petroleum Mongolia Politics Mongolia Poverty Mongolia public announcements Mongolia railways Mongolia Religion Mongolia slums Mongolia society Mongolia Sports Mongolia Stamp Mongolia Sumo Mongolia telecommunication Mongolia tourism Mongolia trade Mongolia Transportation Mongolia Urbanization Mongolia Wild Life Mongolian Agriculture Mongolian and Cuba Mongolian Archeology Mongolian Climate Mongolian Food Mongolian Gay Mongolian Government news Mongolian History Mongolian Kazakh Mongolian Meat Mongolian Military Mongolian Mining Development Mongolian Movie Mongolian News Mongolian Parliament Mongolian Political news Mongolian Press Mongolian Songs Mongolian Sumo Mongolian Women Mongolian Youth Mongolians abroad Moninfo Opinion Oyu Tolgoi Investment Agreement Photo news Press Release Rio Tinto Tavan Tolgoi coal mine Ulaanbaatar development Weird expatriates in Mongolia World bank and Mongolia

Blog Archive

Followers