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Kuwait interested to invest further in Kingdom — minister

By Mohammad Ghazal - Mar 23,2014 - Last updated at Mar 23,2014

KUWAIT — Kuwait is keen on increasing its investments in Jordan, where it currently has more than $10 billion invested in various sectors, Minister of Industry, Trade and Supplies and acting Foreign Minister Hatem Halawani said Sunday.

“Kuwait and Jordan enjoy very distinguished ties and in my discussions with Kuwaiti officials, they showed interest in increasing investments in the Kingdom,” said Halawani, who is taking part in the meetings of the Economic and Social Council of the Arab League and the Arab foreign ministers meeting ahead of Tuesday’s Arab summit.

According to the minister, Kuwait is the largest investor in Jordan.

“We had discussions with the Kuwait Investment Authority, where we highlighted projects Kuwait can invest in. We also discussed holding a forum for Jordanian and Kuwaiti businesspeople to discuss potential joint investments, a matter that will help increase trade exchange,” said the minister.

According to Halawani, trade exchange between Jordan and Kuwait stands at about $300 million.

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