Kuwait, Armenia Strengthen Economic Relations

KUWAIT CITY (armradio) — Deputy Prime Minister, Finance Minister and Acting Oil Minister Anas Al-Saleh stressed the importance of boosting economic and technical relations with the Armenian Republic, especially in the fields of transportation and tourism, Kuwaiti News Agecy reports.

Al-Saleh said on Thursday, as he headed the Kuwaiti side at the second edition of the Kuwaiti-Armenian joint ministerial committee for economic and technical cooperation, that all meetings between the two countries were “successful.” He added that the success of these discussions will lead to strengthen bilateral relations and develop cooperation.

On his part, Minister of Territorial Administration and Emergency Situations of Republic of Armenia Armen Yeritsyan said that his country is looking forward for a “fruitful” cooperation in all domains with Kuwait, stressing that the joint committee meeting helped in converging of views in many economic and technical issues.

Yeritsyan called for establishing a direct air line between Armenia and Kuwait for a better closeness of ties.

In addition, he invited officials from Kuwait Fund for Arab Economic Development (KFAED) to visit Armenia to explore investment opportunities and to form strategic partnerships in several emerging economic sectors.

At the end of the meeting, the two parties signed two Memorandums of Understanding: the first, concerns cooperation in public health and medical sciences, and the second, focuses on cooperation in high education and scientific research for the years 2016-2020.