The Kuwait Fund for Arab Economic Development (KFAED) is actively involved in a Kuwait-hosted conference over reconstruction in war-torn Iraq, its chief said on Sunday.
In his meeting with a contingent of Iraqi journalists, KFAED Director General Abdulwahab Al-Bader said that human development is the key to the prosperity of any nation.
“Kuwaiti and international investors are ready to explore the opportunities in Iraq, only after security and stability are restored,” Al-Bader added during the encounter.
He pointed out that the “Kuwait International Conference for the Reconstruction of Iraq” has been in the works for quite some time, noting that Baghdad should set in place the proper legislation needed to lure foreign investment into the country.
On the conference’s main objective, Al-Bader said the goal is to bring economic stability to Iraq, which in turn, would provide its people with opportunities for employment.
The meeting was the latest in a series of rendezvous the Iraqi syndicate has had with officials from across Kuwait’s political spectrum. International organizations and dozens of governments, including the United Nations and European Union are expected to announce aid to Iraq during the February 12-14 meeting.
Source: Kuwait News Agency