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Kuwait says that economic development and cooperation should be the focus of Arab countries

The Deputy Prime Minister and Foreign Minister of Kuwait, Sheikh Sabah Al-Khalid Al-Hamad Al-Sabah, said Sunday that his country is aware of the risks and challenges facing the Arab countries and the efforts made to address them.

Al-Sabah said in a speech during the first public session of the fourth economic, social and development summit in Beirut, "We have made sure that the priority of economic development and cooperation is at the forefront of our concern and together we can achieve the progress of our peoples Through our previous cycles of economic, social and economic development, we have achieved many milestones on which we can build and advance towards further advantages and support for our common factor in its development, economic and social sectors ".

"We meet today at the fourth session of our economic, social and development team after starting this approach in consultation and coordination with our brothers in Egypt in 2008. We have ideas and vision for these summits and the first economic summit in Kuwait has been held in 2009, "Sheikh Sabah Al Ahmad Al Jaber Al Sabah, Kuwait contributed $ 500 million to contribute to the development of a fund of micro-enterprises in the Arab world with a capital of $ 2 billion. Saudi Arabia contributed $ 500 million to contributions of $ 1.3 billion to $ 310 million. 7000 project to provide and maintain a table of 437 thousand jobs at the level of the Arab world ".

The Kuwaiti Foreign Minister stressed that the Kuwaiti Emir's initiative came out of the firm belief that it had to go to young people as the richest of the Arab nation, noting that the third summit in Saudi Arabia came to increase the attention and concern for our joint Arab economic dimensions through its work institutions Through a pioneering initiative to increase capital by at least 50%, as well as to increase the capital of the Arab mixed companies of at least the 50%.

"We have held our meetings for decades at all levels, during which we are discussing many of our fatal issues, but at the same time we have been far from touching the concerns and problems of our Arab nation, and this is what we are witnessing at light of the decline of sustainable development and the difficult economic conditions., Who suffers from a certain number of Arab countries, to bring to the fore of our attention all the worries and try every effort to satisfy the hopes and aspirations of our Arab peoples focusing on the economic bases and hypotheses that contribute to change and improve our situation, which has been the cause of the strikes and instabilities of some of our communities and a direct threat to their safety ".

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source: Shorouk Portal

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