Kuwaiti Investment Office chief reviews opportunities in Hungary

Int’l Relations

State secretary for foreign affairs and external economic relations Péter Szijjártó met with the chief of the Kuwaiti Investment Office, Osama Al-Ayoub in Budapest on Wednesday, the state secretary's press chief told MTI. The two men reviewed the situation in branches of the Hungarian economy in which Kuwait could invest, sectors such as farming, infrastructure development and the property market, said Éva Varga. Szijjártó informed his Kuwaiti partner about the Hungarian government's economic and energy policy, measures taken in the interest of the country's energy security, and energy industry investments, she added. The Kuwaiti Investment Office, a part of the Kuwaiti Investment Authority, a sovereign wealth fund that manages 10% of the country's oil revenue, earlier signed a declaration of intent on cooperation with MFB Invest, a unit of the Hungarian Development Bank. The Hungarian-Kuwaiti Joint Economic Committee will hold its next meeting in Budapest at the beginning of May.

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Foreign Affairs