Premier discusses investment with Kuwaiti Ambassador


Prime Minister of Mongolia J.Erdenebat received the Ambassador Extraordinary and Plenipotentiary from Kuwait to Mongolia, H.E. Khaled Al-Fadhli, yesterday upon the Ambassador’s request, to discuss investment in sectors such as healthcare and bilateral relations.

Beginning the meeting, Ambassador Al-Fadhli conveyed greetings from Kuwait’s Prime Minister and congratulated J.Erdenebat on his appointment to Head of the Cabinet. Emphasizing his satisfaction with current bilateral relations and cooperation, the Ambassador expressed Kuwait’s interest in increasing investment in Mongolia. He underlined the significant role of Kuwait’s development fund in Mongolia’s development in sectors that have received investment. In 2006, Kuwait issued grant aid of 12 million USD to Mongolia to build a new parliamentary house with financing from the Kuwait Fund for Arab Economic Development.

J.Erdenebat proposed issuing grant aid to the health sector, in particular, for the construction of a new burn center in Mongolia. The Ambassador confirmed that Kuwait is willing to provide support in renovating and expanding the airport in Undurkhaan, Khentii Province. The sides reached a decision to intensify efforts to develop feasibility studies to be submitted to Kuwait’s government through the Kuwait Fund.