September 16, 2014: Kuwait Direct Investment Promotion Authority (KDIPA) participated in the joint meeting with the Mexican delegation held on September 9, 2014 and hosted by the Ministry of Commerce and Industry (Division of Assistant Undersecretary for Touristic Affairs). The Mexican delegation was headed by the Deputy Foreign Minister, accompanied by officials from the Ministry of Tourism, the Mexican Investment Promotion Agency (ProMexico), and businessmen from financial institutions and other sectors, along with a representative from the Embassy of the Republic of Mexico in the State of Kuwait. During the meeting, ProMexico presented the success of the Mexican experience in reducing their reliance on oil exports, which dominated its. While KDIPA representatives provided an overview of the new investment Law No. 116 for 2013 for encouraging direct investment in the State of Kuwait, and the incentives granted under it. The meeting was concluded by emphasizing the potential of future joint cooperation in various areas towards strengthening economic and commercial relations between the two countries, especially by exploring viable investment opportunities and establishing joint ventures.
