Rabat: The Kuwait Fund for Arab Economic Development (KFAED) is participating in the African Investment Forum (AIF) in Rabat, bringing together ministers, development finance institutions, commercial banks, insurance firms, and project owners from Arab and European countries.
According to Kuwait News Agency, KFAED's Director of Operations Thamer Al-Failakawi emphasized that the fund's participation reflects Kuwait's longstanding commitment to supporting development projects across Africa. He stated that participating in AIF reinforces KFAED's efforts to foster cooperation and partnership in development fields. The forum offers an opportunity to establish partnerships that contribute to sustainable growth across Africa.
Al-Failakawi highlighted KFAED's key role in financing and supporting economic and social development projects in Africa, aligning with the goals of Africa's Agenda 2063. This involvement is rooted in KFAED's commitment to supporting countries in need and advancing global stability. The forum, organized by the African Development Bank alongside partners, commenced late Wednesday with the aim of facilitating global investment into Africa. It brings together project sponsors, financiers, governments, and other key stakeholders with the objective of closing deals.
Running through November 28, under the theme "Bridging the Gap: Mobilizing Private Capital to Unlock Africa's Full Potential," the forum includes ministerial discussions on investment, along with sessions and panels addressing innovative financing, climate risks, digital transformation, and other development priorities.