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Kuwait, Spain ink crucial business pact

11 May 2016

(MENAFN) Kuwait has closed a trade and economic memorandum of understanding (MoU) with Spain on many economic sectors and segments, according to the latest data and reports.

In particular, the agreement’s target is basically to enhance and to improve mutual business relations in a way which benefits both, plus expanding cooperation in the construction sector.

Additionally, both nations agreed upon the expansion of mutual investments in addition to the formation of an economic and trading committee as a means to increase mutual economic relations.

“The MoU affirms the importance of boosting trade exchange and investments between the two nations, adding that the two parties have the will to promote investment exchange,” said the Spanish Minister of Commerce.

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