Wednesday, January 12, 2011
Prime Minister of Kuwait is interested in investing in Iraq
Kuwait announced interest in investing in Iraq with the prime minister on Wednesday, the first visit by the President of the Government of Kuwait to Baghdad since Saddam Hussein's invasion of the emirate in 1990.
He met Prime Minister Sheikh Nasser Al-Mohammad Al-Sabah, with his Iraqi counterpart Nuri al-Maliki in an effort to improve relations still tense because of the insistence of Kuwait to Baghdad to pay her compensation of approximately $ 22 billion.
Sheikh Mohammed Al-Salem Al-Sabah, Deputy Prime Minister of Kuwait, who accompanied the prime minister said Kuwait has a lot of ideas, it also has a genuine desire to build bridges between the two peoples.
He added there is a great desire to invest in infrastructure in Iraq and this is what it seeks the visiting delegation for its consideration.
Meanwhile, some Kuwaiti companies such as Agility - the largest company to provide logistics and transportation in the Gulf - to expand their activities to Iraq, as two countries reached an initial agreement for the sharing of border oil fields.
But still some friction lies from time to time.
And Kuwaiti officials said that a Kuwaiti Coast Guard members killed on Monday in a confrontation with Iraqi fishermen had entered Kuwaiti waters.
He said political analyst Ibrahim al-Sumaida'ie, said he believed that this visit is able to repair relations between the two countries in case of further steps.
He said Iraqi Foreign Minister Hoshyar Zebari said a ministerial committee will be formed to discuss the outstanding issues between the two countries and is expected to visit Kuwait soon Maliki.
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