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Economics & Development | Global Arab Network
Kuwait: 39 States Participate in Donors and Investors Conference for Sudan
Global Arab Network - - Ahmed Gamal
Tuesday, 30 November 2010 20:10
Kuwait - Thirty-nine countries, 28 world renowned institutions, as well as 73 Non-Government Organizations (NGOs) are to participate in the International Donors and Investors Conference for East Sudan, said Director General of Kuwait Fund for Arab Economic Development (KFAED) Abdulwahab Al-Bader here on Tuesday.

Al-Bader told a press event attended by Sudanese Presidential Advisor Dr. Mustafa Ismail that the private sector would also partake in the event, affirming that such event would reflect Kuwait keenness on the peace and development of Sudan.

KFAED had been backing up Sudan since the fund was incepted in 1962, stated Al-Bader, adding that the fund would continue to do so in the future.

On his part, Mustafa lauded Kuwait's continuous support to Sudan, saying that the upcoming event was amongst the never-ending gestures of support to his country.

The official also commented on the 177 initiative projects to be addressed in the conference, saying that studies were conducted on the multi-projects and affirmed that it came with the interests of Sudan and the countries as well as organizations partaking in the event.

On the other had, Chamber of Commerce and Industry Chairman Ali Al-Ghanim on Tuesday expressed the Kuwaiti private sector's keenness towards productive cooperation with its Sudanese counterpart for the benefit of the economies of both countries.

In a speech he delivered on the occasion of the visit of a Sudanese delegation attending an international donors' conference aimed at rebuilding and developing of East Sudan, he expressed pride at Kuwait's hosting of the event.

Kuwaiti investors do not only look to revenue out of their support to Sudan, but look to the reflections of this on the country's stability and prosperity, he said.

He also noted the importance of opening up channels for dialogue between the businesspeople of both sides.

For his part, head of the Sudanese visiting delegation and Director of the Sudanese General Union for Business Owners, Saud Al-Berair, commended Kuwait's efforts in support of Sudan, notably the currently-held conference.

He said that Sudan offered many investment opportunities that could attract foreign business to the country.

Kuwait is to host the conference over a two day period.

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