Kuwait increasingly attracts British firms

British companies are eager and ready to contribute to implement vital projects in the State of Kuwait, William Russell, Lord Mayor of the City of London said.

Russell met with officials to explore investment opportunities and how they could help Kuwaiti companies in the finance technology (Fin Tech) sector including cryptocurrency management, under sponsorship of Bank of England.

He also met senior officials including Minister of Finance, Central Bank of Kuwait’s Governor, Managing Director of Kuwait Investment Authority, businessmen and economists.

The visit “is an important opportunity” to further cement economic relations and execute future projects, said Russell who hoped to meet His Highness the Prime Minister Sheikh Sabah Khaled Al-Hamad Al-Sabah. Russell, making his first visit to Kuwait since the outbreak of the coronavirus pandemic, said the State of Kuwait was among the first investors in Britain.

“The visit is an opportunity to discuss about future projects” related to sustainable investment and the 26th UN Climate Change Conference (COP26), due in Scotland between October 31 and November 12. Kuwait has diversified investments in Britain specially in infrastructure and real estate, Russell said, and hoped to see further investments to make use of opportunities in renewable energy, sustainable projects and green ventures.