Turkiye plans for $5bn investment in Kuwait

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Wed, 2023-11-08 12:48

RIYADH: Turkiye is planning to increase its investment in Kuwait to $5 billion in a move aimed at strengthening economic cooperation and fostering higher bilateral trade, according to a senior minister.    

Turkish Minister of Trade Omer Bolat made the announcement during a press conference on Nov. 7, underscoring his government’s commitment to expanding economic ties and mutual growth with the Gulf nation, reported the Kuwait News Agency.  

The minister underlined Kuwait’s pivotal role as an economic, financial, and oil powerhouse in the Middle East.   

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