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Áder: “Excellent business opportunities” in Kuwait

Initiatives

President János Áder was in Kuwait yesterday, where he signed a handful of cooperation agreements with the central government there.

Áder and Foreign Minister/interim Prime Minister Sheikh Sabah Al-Khaled Al-Hamad Al-Sabah signed an agreement on visa exemptions and a Memorandum of Understanding (MoU) between the Hungarian Institute of International Affairs and the Kuwaiti Diplomatic Institute.

Áder later met with Higher Education Ministry Undersecretary Rashid Al-Niwaihidh and Public Works Ministry Undersecretary Abdualaziz Al-Kelaib to sign agreements on education, scientific research and public works. Tourism and health industry opportunities were also touched upon in the talks.

The president further revealed to media that a credit line for SMEs between Hungary’s Export-Import Bank (Eximbank) and the Kuwaiti Gulf Bank is in the discussion phase.

The Kuwaiti government has some $125 billion budgeted for national development programs and has launched a program to build some 100,000 homes in the country. Varga, speaking to media after the meeting, stated that Hungary-based companies “have excellent business opportunities in Kuwait.”

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