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    Economics Kyrgyzstan

    Kyrgyzstan explores economic opportunities with Saudi Arabia and Kuwait at Islamic Development Bank meeting

    Kyrgyzstan explores economic opportunities with Saudi Arabia and Kuwait at Islamic Development Bank meeting

    On the sidelines of the 49th Annual Meeting of the Governors of the Islamic Development Bank Group, First Deputy Chairman of the Cabinet of Ministers of Kyrgyzstan, Adylbek Kasymaliev, engaged in high-level discussions with key figures from financial institutions in Saudi Arabia and Kuwait, bolstering economic cooperation and exploring avenues for further development.

    Photo: Kyrgyzstan's Adylbek Kasymaliev in discussions with Saudi Fund for Development's Executive Director
    Source: Cabinet of Ministers of Kyrgyzstan

     

    During his meeting with the Executive Director of the Saudi Fund for Development, Sultan Al-Marshad, Kasymaliev delved into the progress of ongoing projects spanning various sectors such as healthcare, education, infrastructure, agriculture, and social welfare. Both parties acknowledged the pivotal role played by the Saudi Fund for Development in fostering socio-economic advancement in Kyrgyzstan, highlighting the enduring partnership between the two nations.

    Particularly noteworthy was the affirmation of a $100mn project dedicated to the construction of social housing, a testament to the robust collaboration between Kyrgyzstan and the fund. Additionally, plans were solidified to initiate the second phase of school construction in Kyrgyzstan imminently. 

    Kasymaliev also took the opportunity to expound on Kyrgyzstan's strategic endeavor, the construction of the Kambarataska HPP-1, extending an invitation to the fund's management to participate in the International Energy Investment Forum scheduled for early June in Vienna, Austria.

    Photo: Kyrgyzstan-Kuwait collaboration focuses on long-term economic development
    Source: Cabinet of Ministers of Kyrgyzstan

     

    Subsequently, Kasymaliev engaged with Abdullah Khalil Al-Musaibih, Director of the Operations Department at the Kuwait Fund for Arab Economic Development, to deliberate on existing joint projects and strategies for long-term collaboration. The discussion encompassed a thorough examination of the current status of collaborative initiatives, with a focus on nurturing and expanding the partnership between Kyrgyzstan and the Kuwait Fund.

    Of particular interest was the presentation of the Kambarata HPP-1 construction project, underscoring Kyrgyzstan's commitment to sustainable energy development. Kasymaliev extended an invitation to the leadership of the Kuwait Fund and the Arab Development Fund to partake in the forthcoming investment forum in Vienna, emphasizing the potential for fruitful collaboration and mutual benefit.

     

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    28.04.2024, 19:00   Comments (0)   1254
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