Latest News
- Payscale Alternative Discussed; No New Amendments Made
- Women Demand More Gold Jewelry During Ramadan
- Gulf Countries Struggle With Obesity
- Two Saudis Injured In A Kuwait Traffic Accident
- Kuwaiti Found Dead In Central Prison
- 41-year-old Domestic Worker Commits Suicide
- Kuwait To Deport Violating Visitors
- Ramadan Inspection Campaign Uncovered 10 Violations
- Court Acquits Defendants In US Army Vehicle, Radar And Special B...
- One Dead After Vehicle Plunges Into Sea Along Gulf Street
- Amnesty Call Received Lukewarm Response On Day One
- Monday Afternoon Will Likely Be Rainy With Thunderstorms
26 French Companies Operating In Kuwait Through Direct Investment
Head of trade mission at the Embassy of France in Kuwait Rabie Sufengi says there are 26 French companies operating in Kuwait, either through direct investment or in partnership with the private sector, and are active in various sectors such as industry, construction, banks and services, besides thousands of companies operating through local agents, reports Al-Qabas daily.
On the sidelines of a meeting organized by the French Embassy on the occasion of the visit of a delegation representing a number of French companies that work in the field of entertainment to Kuwait, Sufengi declared that Knem – the French company that won the Kabad solid waste project – is ready and waiting for final approval from Ministry of Finance to begin construction of the plant. He said, “This huge project is expected to turn half of the solid waste in Kuwait into electric power”.
Regarding the reasons why Kuwait Investment Authority was prompted to sell its stake in Areva, France, Sufengi explained that the decline in shares of all nuclear reactor projects, due to the Fukushima explosion, caused many countries, including Kuwait, to stop their projects in this area. This led Kuwait Investment Authority to abandon the project and start searching for other investments in France.
Meanwhile, French Ambassador to Kuwait Marie Masdupuy said representatives of French companies are currently visiting Kuwait as part of a tour of Qatar and the United Arab Emirates, adding that they met with officials of the Amiri Diwan and Tourism Enterprises Company in order to identify opportunities in their field of expertise. She stressed that these world-leading companies have experience in organizing conferences, summits and entertainment, and are seeking to contribute to the technologies they have developed via projects in Kuwait, which have become pivotal due to their foreign policy
SOURCE : ARABTIMES
Trending News
-
Kuwaiti Banks Announces Ramadan Working Hours
06 March 2024
-
What Is The Future Of Expats In Kuwait ?
10 March 2024
-
Six Countries Have Announced The First Day Of Rama...
10 March 2024
-
India Is On The Verge Of Becoming A Semiconductor...
07 March 2024
-
Seismic Network Dismisses Earthquake Reports In Ku...
05 March 2024
-
Ramadan Crescent Will Not Be Visible In Kuwait
07 March 2024
-
Ramadan Begins From Monday In Kuwait After The Cr...
10 March 2024
-
MOI Relents On Granting Visit Visa To 'certain' Na...
09 March 2024
-
Student Run Over And Dies Instantly
04 March 2024
-
Arrest Warrant Against Expat Father Who Flees Kuwa...
04 March 2024
Comments Post Comment