By Max Clarke
With an ambitious four-year development plan worth £80 billion, British companies should consider business opportunities in Kuwait. This was the clear message from Mark Prisk today during his first official visit to the Gulf.
“Kuwait is the UK’s fourth largest trading partner in the Gulf. Between January and November last year our exports of goods increased by nearly 20 per cent compared with the previous year. Mr. Prisk explained:
“Kuwait’s four-year plan will involve more than 1,000 projects covering infrastructure, healthcare, housing and education. It includes a £4.6 billion metro system, which will integrate with the planned GCC rail network, a 1,500 kilometre system that will link all the Gulf States.
“British companies can play a pivotal role in Kuwait’s exciting development plans and my visit to Kuwait is to promote British firms as the partners of choice for new business.”
Many British companies are already working successfully in Kuwait. Architect Lord Foster is designing the new Kuwait International Terminal while BT is developing a next generation telecommunications network.
UK Trade & Investment has identified the new airport, metro system and hospital building programmes as high value opportunities for UK firms.
In Kuwait, the Minister will meet with key business and government leaders, including the Minister of Commerce and the Minister of Finance, the Minister of Communications and the Minister of Public Works.