H.H. Sheikh Sabah Al-Ahmad Al-Jaber Al-Sabah, the Amir of the
State of Kuwait’s speech
delivered at a business meeting
on June, 20, 2006
in Islamabad, Islamic
Republic of Pakistan.
In the Name of Allah the all Merciful, the Compassionate.
I am delighted to be here with you today in the Islamic Republic of Pakistan – a country which has strong ties with Kuwait.
I would like to take this opportunity to express my own and my delegation’s sincere thanks and appreciation to the honorable President Pervez Musharraf and the people of the Islamic Republic of Pakistan for their warm welcome and hospitality.
Today’s meeting brings together businessmen from both our countries, who, even though they represent different economic sectors, still reflect the spirit of co-operation that exists between Pakistan and Kuwait. This gathering clearly demonstrates the continuing strength of our two countries’ links with one another, whether they be political, religious or cultural.
As we all know, technological innovation has meant that the nations of the world are connected in a way never seen before. Globalisation really has built bridges between different countries.
Clearly, economic issues have become a priority and are at the forefront of the global agenda. Most countries have already put in place measures that encourage and enable the private sector to conduct business in an environment free from government restraint. Private sectors now regularly invite investment from abroad as a means of enhancing the national economy.
We, along with the rest of the world greatly admire Pakistan’s recent economic policies that not only encourage economic openness but also encourage local and foreign private sectors to participate in a variety of economic activities.
This admiration has led the Kuwaiti private sector to immediately respond by investing in various sectors within the Islamic Republic of Pakistan.
I am sure that you heard yesterday and today the announcement of various investment agreements between the Kuwaiti Private Sector and the Pakistani public/private sector and we hope to see more partnerships of this kind in the very near future.
There is no doubt that the ultimate aim of any business venture is to maximize profit and to achieve a positive return on investment. However, let us not forget that there should be other aims as well – to increase job opportunities, to raise the standard of living not just for this generation but also for future generations and to realize that the principles of exchange, co-operation are all fundamental principles to enduring economic success.
The common bonds our two countries enjoy represent a solid basis for developing further economic relations. And it should be you, the businessmen, who initiate this, so that our vision of building a better future for our people can be achieved.
In conclusion, I wish your meeting great success and pray that its outcome will cement the already excellent relationship Pakistan and Kuwait have.