Union of Investment Companies (UIC) in collaboration with organized a workshop titled “Guarantee of Kuwaiti Investments in Arab Countries Against Political Risks” on Monday 12th June 2023 at UIC Premises, in the presence of a number of representatives of investment companies at UIC Premises in the State of Kuwait, the Kuwaiti companies have huge investments in Arab countries estimated by the database of foreign direct investment projects in The world, during the period between January 2003 and May 2023, amounted to about $46 billion through 290 projects in many sectors and productive and service activities.
On this occasion, the Director General of the Corporation, Mr. Abdullah Ahmed Al-Sabeeh, stressed that the Corporation, which has a credit rating of A+ by Standard & Poor's International, and is the first multilateral investment insurance body in the world, is keen to increase the benefit of member states, including Kuwait, from its insurance services. The cumulative value of operations guaranteed by the Corporation to all countries since its inception until the end of 2022 amounted to about $26 billion, of which 32% was during the past four years.
He explained that Kuwait benefited from the services of the insurance institution from its establishment until the end of the year 2022, with a value of $6.1 billion as an exporter of investment and commodities, while the value of its benefit as an investment recipient and importer of goods amounted to $653 million, with a total benefit estimated at $6.8 billion, representing 13% of the total benefit of all countries.
For her part, Mrs. Fadwa Darwish, Secretary General UIC, confirmed the Union's keenness to enhance cooperation with the Corporation, in a way that increases the benefit of Kuwaiti companies from the Corporation's services, as well as the benefit of foreign companies wishing to invest in Kuwait from its various insurance services, in a way that supports Kuwait's ability to attract more of foreign investments and helps Kuwaiti companies to expand in Arab countries safely by benefiting from the insurance protection provided by the corporation.
She added that the union is keen to enhance cooperation with all parties related to its work, especially those that can provide real added value to Kuwaiti investment companies that wish to continue their expansion plans in the Arab countries, especially the promising markets, while neutralizing the expected risks, especially in light of the recent events in the region.
The Secretary-General of UIC confirmed that the federation has been striving, since its inception, to contribute to the development of the investment sector by working to translate its goals to serve the sector in various issues facing investment companies, as well as follow-up and coordination with all concerned parties, in a way that enhances the growth and development of the sector and its companies. different.