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Five-year plan talks with Turkey

In March the National Bank of Kuwait (NBK), the highest rated in the Middle East, hosted a first-of-its-kind meeting with a high level Turkish business delegation.

Shaikha Al Bahar, the bank’s deputy CEO, said that the initiative and decision for such a gathering was taken by both H.H. the Amir, Sheikh Sabah Al Ahmad Al Jaber Al Sabah and H.E. the Turkish President Abdullah Gul, during President Gul’s visit to Kuwait
in December 2009.

 He said, “NBK is greatly honoured to be given the unique mandate and opportunity to host this symposium, a fact highlighting the historical role played by the bank in respect of promoting relationships and trade flows between Kuwait and other countries in the region.” He added, “The visit of President Gul to Kuwait in December 2009, which was the first by a Turkish president in the last 12 years, was a clear testament of the growing relationship between Turkey and Kuwait as well as the growing strategic political and economic role of Turkey in the region.”

 The two-day meeting encompassed a series of presentations by various government organisations and ministries targeted towards introducing the visiting Turkish delegation to “Doing Business in Kuwait” and presenting to them the various opportunities that Kuwait offers to Turkish contractors, including multibillion projects scheduled within the fiveyear plan starting 2010.

 NBK has a long historical relationship with Turkey. The Bank’s presence in Turkey today, both through the Turkish Bank and NBK Capital, is evidence of its close ties to and interest in Turkey.

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