2-Apr-2012, Kuwait Foreign Investment Bureau (KFIB) participated in the Global Special Economic Zones Summit, held in Kuala Lumpur, Malaysia during the period 19th – 21st March, 2012. The summit focused on highlighting lessons learnt and best practices from successful Special Economic Zones (SEZs) in both developed and emerging regions, and their role in enhancing sustainable development and growth through job creation, attracting foreign direct investment (FDI), strengthening competitiveness of the domestic industries, and reducing bureaucratic barriers. The summit hosted representatives of over 150 international governments and organizations, representing 45 countries around the world.

The Malaysian Minister of International Trade & Industry of Malaysia, was a panelist in the session held under the theme ‘Achieving excellence in investor attraction’ followed by a workshop and site visit to Iskandar Free zone, which is Malaysia’s largest economic zone expecting it to create 800,000 jobs and attract around US $100 billion in investment over 25 years.