(MENAFN- Arab Times) Hawally Governor Lt General Sheikh Ahmad Al-Nawaf Al Sabah valued Tuesday Kuwait's economic relationship with the Association of Southeast Asian Nations (ASEAN), underscoring the fact that ASEAN is amongst the Gulf region's biggest trade partners. Sheikh Al-Nawaf met with some of the ambassadors of the group of Southeast nations that comprise ASEAN to commemorate the anniversary of the formation of the organization.
As part of the discussions with the ambassadors, Sheikh Al-Nawaf stressed the importance of bolstering economic and political ties between ASEAN nations and the Gulf countries, citing recent growth in the collective economies of the Gulf countries as a result of increased trade with ASEAN. In comments to the press, the Hawally Governorate highlighted ASEAN's steady economic growth, having recorded a 5.7% increase in growth from the years 2000 to 2014, making it one of the most lucrative markets for foreign investors. The statement also highlighted the prospect that the powerhouse could be amongst the top five economic organizations of the world by 2018.
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