Kuwait achieves new economic milestones

The mega projects showcased at KIF 2018 to boost infrastructure development are being implemented as per schedule.
Updated 16 December 2018
0

Kuwait achieves new economic milestones

Kuwait picked up the pace to accomplish further milestones in its efforts to achieve the pillars of the National Vision 2035 for “New-Kuwait,” of which was the convening of the second edition of the Kuwait Investment Forum (KIF 2018).

Sheikh Dr. Meshaal Jaber Al-Ahmad Al-Sabah, director general of Kuwait Direct Investment Promotion Authority (KDIPA), said: “KIF 2018 sought to showcase the serious resolve of the government to streamline the business environment and ensure that Kuwait’s investment climate is sufficiently attractive to interested investors, through the concerted efforts of both the public and private sectors to advance the promising sectors, and launch megaprojects.”

This will duly fulfill the overall commitment to diversify the national economy and to foster the country’s real wealth, its creative and talented youth.”

These efforts, following the KIF 2018, included important steps taken to enhance Kuwait’s international position, and build an extensive network of strategic relations with major countries. In this regard, Kuwait signed several agreements and MoUs during the state visit of Kuwaiti Emir Sheikh Sabah Al-Ahmad Al-Jaber Al-Sabah to China in July. These agreements cover a broad framework of activities including trade exchange, infrastructural projects, development of industrial and technologically advanced zones, as well as supporting Kuwait’s participation in the Belt and Road Initiative. 

Furthermore, in September, the emir held a roundtable with leading American business executives to further strengthen trade and economic relations between the two nations. 

The mega projects showcased at KIF 2018 to boost infrastructure development are being implemented as per schedule. 


Record-breaking attractions at LuLu Food Carnival

Updated 25 March 2019
0

Record-breaking attractions at LuLu Food Carnival

LuLu Hypermarket is hosting a two-week food festival offering a wide variety of products and culinary treats inspired by flavors from around the world.
Food Carnival 2019 was launched on Sunday at the LuLu Hypermarket Murabba branch in Riyadh and runs until April 6.
On offer are a number of special deals on food products and exciting in-store activities such as cooking competitions, live cooking demos, free sampling, quiz contests and gigantic displays of food.
LuLu has partnered with Almarai and Guinness World Records to offer customers a chance to be the next Guinness World Records title holder. Customers can make an attempt to break up to nine world records, such as the fastest time to drink a 250-ml quantity of milk through a straw or the fastest time to stack cheeses. The Guinness World Records events will be held on March 29 at LuLu Hypermarket, Atyaf Mall, Riyadh; on March 30 at LuLu Mall Dammam; and on April 5 at LuLu Hypermarket, Marwah, Jeddah.
LuLu Director for Saudi Arabia Shehim Mohammed said: “LuLu has once again transformed into a culinary destination. This year, we have brought together a well-chosen product selection that will satisfy the lifestyle requirements of our customer base. This festival also celebrates the innovative spirit of our culinary talents with the support of top chefs in the country. People will have a chance to interact with celebrity chefs during the festival’s live cooking demonstrations. Super offers, such as product of the day, daily surprise, hourly offers, and so much more awaits our shoppers for the entire 14-day promotion.”