Kuwait city: Kuwait's Minister of Finance and Minister of State for Economic and Investment Affairs Noura Al-Fassam and UK Secretary of State for Foreign, Commonwealth, and Development Affairs David Lammy have held discussions aimed at boosting bilateral trade between the two nations.
According to Kuwait News Agency, the meeting took place on Sunday, where both ministers evaluated the results of the recent visits by His Highness the Amir of Kuwait Sheikh Meshal Al-Ahmad Al-Jaber Al-Sabah to the UK. They expressed a mutual interest in enhancing the strategic investment partnership between Kuwait and the UK.
Kuwait, currently holding the presidency of the Gulf Cooperation Council (GCC), is eager to expedite negotiations on a free trade agreement between the GCC and the UK, as stated by Al-Fassam during her discussions with Lammy.
Sheikh Saud Salem Abdulaziz Al-Sabah, Managing Director of the Kuwait Investment Authority (KIA), who was present at the meeting, emphasized KIA's commitment to reinforcing investment relations with the UK. He highlighted the pivotal role of the Kuwait Investment Office (KIO) in London, which has been managing Kuwaiti assets for over 70 years, as a crucial factor for future investments.
David Lammy noted the readiness of UK investors to participate in Kuwait's developmental vision and the execution of large-scale projects. The meeting was also attended by Undersecretary of the Ministry of Finance Aseel Al-Mneify, Kuwait Ambassador to the UK Bader Al-Munayekh, and UK Ambassador to Kuwait Belinda Lewis.