Tuesday, 5 August 2008

Visiting Kuwaiti, Cambodian PMs Hold Talks; Two Investment Agreements Signed

By: iStockAnalyst
Monday, August 04, 2008

Phnom Penh, Aug 4 (KUNA) - His Highness the Prime Minister of Kuwait Shaykh Nasir al-Muhammad al-Ahmad al-Sabah, held a meeting with his Cambodian counterpart Hun Sen, in the Foreign Ministry Headquarters in Phnom Penh on Monday [4 August].

Means to bolster bilateral relations were discussed in the meeting mainly in the fields of oil, gas, investment and regarding the establishment of joint cultural exhibitions.

The meeting also discussed ways the Kuwait Fund for Arab Economic Development (KFAED) could aid Cambodia in various long-term development-related projects, with an invitation offered to Kuwaiti investors in the Cambodian mining industry.

An agreement for economic and technical cooperation was signed by the two countries; Minister of Finance Mustafa Jasim Al-Shamali for Kuwait and Deputy Prime Minister, Minister of Foreign Affairs and International Cooperation Hor Namhong on behalf of Cambodia. Another two agreements were signed for the exchange of investments and trade by the Kuwaiti Finance Minister and the Cambodian Minister of Trade Cham Prasit.

The two countries furthermore signed a memorandum of understanding to hold bilateral negotiations between both Foreign Ministries, on the Kuwaiti side by Foreign Undersecretary Khalid Sulayman Al-Jarallah and on the Cambodian side by Unrsecretary for Foreign Affairs and International Cooperation Long Visalo.

Another memorandum of understanding was signed in the field of civil aviation, on the Kuwaiti side by Director of Civil Aviation Fawaz Abd-al-Aziz Al-Faraj and Cambodia by Secretary of State for Civil Aviation Mao Hasvannal.

Later, HH the Prime Minister paid a visit the Monument of the Unkown Soldier where he laid a wreath on the occasion.

Originally published by Kuna news agency website, Kuwait, in English 1340 4 Aug 08.

Story Source: BBC Monitoring Middle East

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