Union of Chambers and Commodity Exchanges of Turkey

Hisarcıklıoğlu urges Kuwaiti investors to invest in Turkey

03.10.2013 / Ankara

Kuwaiti National Assembly President Marzouq Al Ghanim and the delegation accompanying him visited TOBB President M. Rifat Hisarcıklıoğlu at his office. During the meeting in which an exchange of ideas in regards to the development of economic cooperation between the two countries took place, the importance of the establishment of the Kuwaiti counterpart of the Turkish-Kuwaiti Business Council was emphasized.​

TOBB President Hisarcıklıoğlu stated that the obstacles to commerce among Kuwait and the 56 Islamic countries need to be eliminated stressed the importance of the signing of the Free Trade Agreement between Turkey and the Gulf Cooperation Council as well as the enactment of the Preferential Trade Agreement Between Islamic Countries Agreement.


Hisarcıklıoğlu also stated that the investments made to Turkey from Kuwait which has the highest level of humane progress need to be increased. Hisarcıklıoğlu said, “While Kuwaitis invest 37 billion USD to countries other than Kuwait, the bilateral trade between Turkey and Kuwait for 2012 was only 550 million USD. We invite Kuwaiti investors to invest more in our country.”


- Kuwait National Assembly President Al Ghanim


Kuwait National Assembly President Marzouq Al Ghanim stated that there are strong bonds between Kuwait, other Arab countries and Turkey and contributions could be made by forming cooperative relations between Turkey and the gulf countries.


Al Ghanim, stated that they’ve designated Turkey as one of the prioritized investment partner countries for Kuwait and reported that the necessary political support for the development of the trade between Turkey and Kuwait.


Al Ghanim also reported that a bill which would facilitate the business of investors is being prepared in Kuwait and is expected to enter into effect in 2 months.

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