Forgot your password?



Back to login

Kuwait committed to tangible Africa-Arab Summit results - FM
November 17, 2013, 10:16 am
Share/Bookmark

Deputy Prime Minister and Foreign Minister Sheikh Sabah Khaled Al-Hamad Al-Sabah stressed that Kuwait is committed to bringing the Africa-Arab summit's theme, 'Partners in Development and Investment,' into reality.

"Kuwait shares many political, economic and cultural aspects, along with a strategic location in the centre of the world." he told reporters in response to questions at a press conference after the opening of the summit's Media Centre.

"When this theme is carried out, only then can we achieve sustainable development for the nations of the two regions," he said, adding "we hope the summit achieves the proper utilization of capabilities available to both regions." Both issues of development and investment contain many sub-issues, namely stability and security, and both sides have agreed to discuss these matters, he revealed.

Kuwait is represented diplomatically in many of the nations of Africa, along with development representation through its state Kuwait Fund for Arab Economic Development (KFAED), he said.
The minister also pointed to "challenges all nations, not only in Africa and the Arab world, are faced with," adding that the talks would provide a solid ground on which the sides could cooperate.
He concluded by referring to the Kuwait-held Arab Economic, Social and Development Summit held in 2009, during which economic recommendations resulted in the formation of a USD two billion fund for small and medium-sized enterprises (SMEs) that benefits youth in the region.
His Highness the Amir Sheikh Sabah Al-Ahmad Al-Jaber Al-Sabah announced Kuwait's contribution of USD 500 million to the fund.

Although some nations in Africa are affected by poverty and famine, there are matters that can be utilised like the continent's geographic location, its cultural diversity and huge natural and human resources, he added.
Noting to the investments of China, Japan and India in the continent, he said these opportunities are promising.
Kuwait has good relations with most African nations through its development efforts carried out by the Kuwait Fund for Arab Economic Development, he said.
KFAED had signed loan and grant agreements with a number of African countries during the African-Arab Economic Forum, which concluded last Tuesday, he explained.
These deals were worth a total of around KD 28.5 million (USD 110 million) and were signed on the sidelines of the summit's supplementary event.
In response to a question on whether or not there was a chance to form a joint Arab-African market, the minister said that the issue was discussed at the African-Arab Economic Forum held a few days ago.
Experts and officials discussed obstacles on the trade front between the regions, along with the components for the success of this proposal, he added.
On the issue of migration, he said that the "important" matter was discussed by senior officials in a recent meeting and will also be discussed at a meeting of foreign ministers on Sunday.
Asked why political issues are not among the issues on the talks' agenda, he said that this was not the place for these kind of discussions.
"Political issues are on the minds of the whole world, including our Arab and African friends, but there are certain venues to discuss and focus on this, " he said.
Palestinian affairs, he said were "paramount," while the bloodshed in Syria "hurts us all," but "these are issues that are discussed by the Arab League, the African Union, the Non-Aligned Movement, the Organisation of the Islamic Conference and the United Nations," he added.
Kuwait-based charity, Direct Aid, will be hosting a conference attended by some 100 humanitarian workers in Africa, he said, adding that food security is an important issue.
On the attendance of senior officials, he said inviations had been sent to Russian president Vladimir Putin, chair of the G20 Summit, the head of the G8, head of the Non-Aligned Movement and nations that have interests in Africa, like China, Japan and India.
The summit will also work to revise the work of financial institutions in Africa, along with obstacles and difficulties they are faced with.

Share your views
CAPTCHA
 

"It is hard to fail, but it is worse never to have tried to succeed."

"Envy comes from wanting something that isn't yours. But grief comes from losing something you've already had."

Photo Gallery