The Kuwaiti Fund for Development has invested $85 million in B&H since 1997 until today, mostly in the fields of transportation and water supply, stated the Deputy Director General of the Fund Hesham I. Al-Waqayan to the representatives of B&H who are staying in a study visit to Kuwait.
However, Al-Waqayan highlights that Kuwait has not considered a single application for a Kuwaiti investment in B&H for seven years now, because B&H authorities have not applied with any project. Furthermore, he points out that Kuwait is ready to invest in B&H, in one project annually, due to condition of the country after war destruction, which is a great convenience in relation to other countries.
Waqayan pointed out that Kuwait is currently considering investing in highways in B&H, because B&H authorities assessed it as a priority. However, he believes that the field of health, especially construction of hospitals, is also a sector in which Kuwait would invest funds if B&H authorities would present a concrete project.
Waqayan explained that, in order for the investment to be approved, the country has to apply with a concrete project and completed feasibility study and financial plan. After that, according to the regulations of the Fund, it is discussed with the delegation of the country about technical details. Following this, the Board of Directors of this institution gives a green light to the project.
“I came to B&H right after the war and I saw all the destruction. Now, every time I come I see progress, but it must be even greater and we have to work together to achieve that,” Waqayan believes.
(Source: akta.ba)
