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Official: Kuwait largest Arab investor in Germany

Image of Kuwaiti Deputy Foreign Minister Khaled Al-Jarallah (C) [Voop Media Kuwait/Facebook]
Kuwaiti Deputy Foreign Minister Khaled Al-Jarallah (C) [Voop Media Kuwait/Facebook]

The Kuwaiti private sector is the largest Arab investor in Germany with investments worth €16 billion ($18.3 billion), Chairman of Kuwait’s Chamber of Commerce and Industry (KCCI), Ali Mohamed Al-Ghanim, said.

Al-Ghanim said during an event organised in the German embassy on Tuesday, that Kuwaiti investments in Germany reach €35 billion ($40 billion).

Speaking to Kuwait News Agency (KUNA), Al-Ghanim said the Kuwaiti government’s most important investments are in Mercedes-Benz; which in 2014 celebrated 40 years of the partnership with the Kuwait Investment Authority (KIA).

Meanwhile, Kuwaiti Deputy Foreign Minister Khaled Al-Jarallah praised the close and solid relations between Kuwait and Germany.

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