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Great potential for Kuwaiti-Hungarian economic relations - Al-Wazan  Join our daily free Newsletter

MENAFN - Kuwait News Agency (KUNA) - 07/11/2012

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(MENAFN - Kuwait News Agency (KUNA)) Deputy Head of Kuwait Chamber of Commerce and Industry (KCCI) Abdelwahab Al-Wazan said that there are great potential for developing economic and trade relations with Hungary in all domains.

During his meeting with visiting State Secretary for Foreign Affairs and External Economic Relations Peter Szijjarto, Al-Wazan said that the biggest obstacle before the developing bilateral economic relations is the unavailability of information about investment atmosphere and laws in Hungary.

He pointed out that the external Kuwaiti investments have remarkably blossomed in the recent years.

Al-Wazan disclosed that the KCCI will participate in the Arab-Hungarian Economic Forum, to be held in the Hungarian capital of Budapest on November 12-13.

The Kuwaiti-Hungarian Joint Committee for Technical and Economic Cooperation will hold its first meeting soon.

For his part, Szijjarto said that Hungary eyes more developed economic relations with Kuwait.

He revealed that he briefed Kuwaiti investors and officials on the investment opportunities in his country and successful projects executed by private sector there.

 






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