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Hungary seeks to attract Kuwaiti investors

A two-day workshop that aims to forge business and investment partnerships between Hungary and Kuwait started in Budapest on Wednesday. State secretary for foreign affairs and external economy Péter Szijjártó said at the opening of the first Hungarian-Kuwaiti KFI Workshop that he saw opportunity for cooperation in the life sciences as well as energy, water management and infocommunications sectors. He said the goal of the two countries' cooperation is to involve Hungarian companies in Kuwait's five-year, $130 billion national development plan, to put Hungary on Kuwait's “investment map,” and to put Hungarian research and development capacity to work on development projects in the Arab world. He said a recent agreement signed by Hungary's National Innovation Office (NIH) and Kuwait's National Technology Enterprise Company (NTEC) clears the way for Hungarian companies to participate in development projects.