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Kuwait, Saudi in agreement over economic ‘diversification’ plans

December 26, 2017

New Kuwait 2035 working group meets

Kuwait’s First Deputy Premier and Defence Minister Sheikh Nasser Sabah Al-Ahmad Al-Sabah said that Kuwait and Saudi Arabia see eye-to-eye on each other’s economic diversification plans. Sheikh Nasser made the remarks at a ‘New Kuwait 2035’ working group meeting on Sunday, attended by Saudi Arabia’s visiting Royal Court Advisor Prince Turki bin Mohammad bin Fahad bin Abdulaziz Al-Saud, a Kuwait Defence Ministry statement read.

The Saudi official’s attendance of the talks was a “great opportunity” to outline to Saudi Arabia’s King Salman bin Abdulaziz Al-Saud and Crown Prince, First Deputy Premier and Defence Minister Prince Mohammad bin Salman “coordination” on the two countries’ development visions, said Kuwait’s deputy premier. “The future visions adopted by both countries are ambitious plans that boost their strength and unity,” he said, in reference to His Highness the Amir Sheikh Sabah Al-Ahmad Al-Jaber Al-Sabah’s ‘New Kuwait 2035’ vision and the ‘Saudi 2030 Vision.’ After having earlier received an invitation for an official visit to Saudi Arabia from Prince Mohammad bin Salman, Sheikh Nasser said he would be briefing Saudi officials on the matter during talks with the prince.

Meanwhile, Kuwait’s National Industries Group Holding has announced that one of its 100 percentowned subsidiaries has signed a contract with its partners in the international airport group that is managing and operating Queen Alia Airport in Jordan in order to sell its entire 24 percent stake, reports Al- Shahed daily. In a statement issued on Sunday, the group said the final sale of the entire stake in the international airport group company to the consortium of companies led by the French Group ADB was signed following the completion of some routine.

KUNA