Crown Prince attends briefing on General Authority for Investment

HIS Royal Highness Prince Haji Al-Muhtadee Billah, the Crown Prince and Senior Minister at the Prime Minister’s Office, yesterday attended a briefing on the General Authority for Investment.

Upon arrival at the Kuwait Investment Authority, His Royal Highness was greeted by the Minister of Finance of the State of Kuwait, Anas Khalid Al-Saleh, who is also the Chairman of the Board of Directors of the Kuwait Investment Authority.

His Royal Highness then proceeded to a meeting room where His Royal Highness was briefed on the roles and functions of the Kuwait Investment Authority presented by the Managing Director of Kuwait Investment Authority, Bader Al-Saad.

This was followed by a briefing on Kuwait Direct Investment Promotion Authority, presented by the Assistant Undersecretary of the Ministry of Commerce and Industry and Chairman of Foreign Capital Investment, Sheikh Mesheal Jaber Al-Ahmad Al-Sabah.

His Royal Highness then received ‘pesambah’ from Anas Khalid Al-Saleh, Bader Al-Saad and Sheikh Mesheal Jaber Al-Ahmad Al-Sabah respectively.

In return, His Royal Highness presented gifts to Anas Khalid Al-Saleh, Bader Al-Saad and Sheikh Mesheal Jaber Al-Ahmad Al-Sabah.

The Kuwait Investment Authority is an autonomous government body responsible for the management and administration of the General Reserve Fund (GRF), and the assets of the Future Generations Fund (FGF), as well as any other funds entrusted to it.

The main function of the Kuwait Direct Investment Promotion Authority is to attract foreign investment in Kuwait as an investment hub through partnerships in line with the development goals of the country.

Accompanying His Royal Highness at the event were Chief of the Mission of Honour as Minister-In-Attendance Counsellor Nasser Mishari Al-Rawdhan; Deputy Minister at the Prime Minister’s Office, Dato Paduka Awang Haji Ali bin Haji Apong; Ambassador Extraordinary and Plenipotentiary of Brunei Darussalam to the State of Kuwait, Pengiran Haji Mustapha bin Pengiran Haji Aliuddin. - Borneo Bulletin (14 March 2014)