Contract on encouragement of investments signed between governments of
Armenia and Kuwait


YEREVAN, JUNE 25, ARMENPRESS: Armenian Prime Minister Tigran Sargsyan
received today delegation headed by the Finance Minister of Kuwait
Mostafa Jassem al Shamaly. Governmental press service told Armenpress
that welcoming the guests Tigran Sargsyan said that Armenia highlights
consolidation of relations with Kuwait. `The road we have passed
together inspires hope. I am sure that your visit will give a new
impetus to boosting relations between the two countries,' he said.

During the meeting the parties also discussed prospects of
implementation of mutually beneficial investment programs in a number
of economic spheres, as well as exchanged thoughts particularly over
creating favorable conditions for intensifying ties in mine industry,
tourism development and air communication spheres. In respect of the
development of bilateral economic relations the interlocutors
highlighted the creation of inter-governmental joint economic
cooperation commission.

Mostafa Jassem al Shamaly thanked the prime minister for the warm
reception and conveyed the greetings of the prime minister of Kuwait.
Armenian prime minister on his part asked to convey his greetings to
his counterpart and the invitation to visit Armenia.

At the end of the meeting at the presence of Tigran Sargsyan Armenian
Finance Minister Tigran Davtyan and Finance Minister of Kuwait Mostafa
Jassem al Shamaly signed contract on encouraging and protecting
investments between the two governments. The goal of the contract is
to intensify the investments and business initiatives between the two
countries, expand economic cooperation.




From: A. Papazian