26 March 2014

Tunisia: Kuwait Willing to Fund Excellence Centre for Renewable Energy in Tunisia

Kuwait — During their meeting with Caretaker President Moncef Marzouki, Kuwaiti businessmen expressed willingness to increase co-operation and partnership programmes with Tunisia.

They said they are motivated by the new political climate prevailing in the country, emphasising the great potential Tunisia has, describing it as "an attractive destination for investment."

Director-General of the Kuwait Fund for Arab Economic Development Abdel-Wahab El Badr showed enthusiasm to return to Tunisia and fulfill his pioneering role in the field of mega-projects funding.

He stressed readiness to fund infrastructure projects, help strengthen SMEs and back up Tunisia in its orientation towards renewable energy, more particularly solar energy.

Kuwaiti businessmen are ready to fund an excellence centre for renewable energy in Tunisia, Project Officer at the Minister of Industry, Energy and Mines Habib Zgolli told TAP correspondent in Kuwait.

The project will be discussed at the donors meeting scheduled next April 7-9 in Tunisia, he said.

Chairman of Kuwait Chamber of Commerce and Industry (KCCI) Ali Al-Ghanem said he had discussed with President Marzouki new investment opportunities in Tunisia in light of efforts made to fight corruption.

He called for holding meetings between Tunisian and Kuwaiti businessmen.

The President of Kharafi Group, the largest investment company in Kuwait and in the Gulf, expressed readiness to promote private projects in Tunisia.

In the 1970's, Kuwaiti businessmen were among the largest investors in Tunisia.

Marzouki is attending works of the 25th session of the Arab Summit held from March 25 to 26 in Kuwait.

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