Abdulaziz Al-Marzuq, Kuwait's Minister of Economic Affairs and Investment and Minister of Industry and Trade, emphasized Kuwait's commitment to creating a diverse and competitive economy during the opening of the Global Investment Conference in Geneva on Tuesday. This conference, organized by the World Association of Investment Promotion Agencies (WAIPA), hosted ministers, senior officials, and representatives from international organizations and institutions.
Development of Investment Infrastructure
Al-Marzuq stressed at the conference that Kuwait is working to expand the role of foreign investment and create an attractive environment for long-term investments. He added that the main goal of the country is to increase economic diversity, which is recognized as a key factor in enhancing sustainable growth and job creation.
Linking Foreign Investment with National Talents
The Kuwaiti minister also emphasized the importance of linking foreign investment with national talents and local suppliers. According to him, this link not only helps attract investment but also leads to the transfer of knowledge and technology to the country, which brings significant added value to the national economy. Al-Marzuq called for a shift in approach from merely attracting investment to directing it towards creating sustainable economic value.
He added: "The success of investment policies is not limited to foreign direct investment flows but should also be measured by their impact on productivity, technology transfer, job creation, innovation, and sustainable growth." These statements reflect Kuwait's determination to advance on the path of economic development and improve the quality of life for its citizens.
