Kuwaiti company to set up financing fund in Syria

A Kuwaiti company intends to set up a financing fund in Syria with a capital of 500 million U.S. dollars, Syria's official SANA news agency reported on Saturday.

The Real Estate & Development Financing Fund would be carried out by the Kuwaiti Akeela Group, SANA said.

Sheikh Hamed Khaja, a visiting director of the Kuwaiti company, announced the intention in a meeting with Syrian Prime Minister Mohammad Naji Otrri.

The two sides reviewed the prospects of the Kuwaiti company's investment in Syria, particularly in banking and tourism sectors.

They also discussed cooperations in other spheres, such as road construction and qualification of personnels in aviation, SANA said.

Source: Xinhua