TBY SIGNS MOU WITH THE GERMAN BUSINESS COUNCIL IN KUWAIT

Kuwait City, September 27, 2019— At an MoU signing ceremony, Hannelore Graf, President of the German Business Council in Kuwait (GBCK), and Ioana Popa, Kuwait Country Manager for the Business Year, sealed the beginning of collaboration between the two institutions during research for The Business Year: Kuwait 2019.

During an interview led by Kevin Delaplace Haro, Kuwait Country Editor, Hannelore Graf highlighted the key role of GBCK as a “bridge aiming to enhance the business collaboration between the Kuwaiti and the German speaking business community.” She added: “we have noticed that German businesses have an increased interest in Kuwait and that has also been reflected in our growing number of members and sponsors. Furthermore, Kuwait's 2035 national development plan will raise the profile of the country as a suitable destination for German FDI.”

Meanwhile, Ioana Popa stated: “we truly believe this collaboration will certainly benefit both parties since TBY will provide a complementary platform conveying the right message to the global business community.”

This partnership will allow German, Swiss, and Austrian companies to showcase, in the publication, their activities in Kuwait and discuss the challenges and opportunities they have encountered. At the same time, The Business Year will benefit from GBCK's extensive knowledge of the Kuwaiti business environment, which will be vital in shaping the publication.

On a final note, Hannelore Graf announced the second edition of GBCK's B6 initiative: “we are very proud to be arranging and participating again in the second B6 Summit at the Kuwaiti Opera House in October. This event will provide a unique meeting platform for all six business councils in Kuwait, their leadership, the local business community and the ambassadors to discuss Kuwait's economic panorama.”

The Business Year: Kuwait 2019 will highlight the new trends of the Kuwaiti economy as well as the numerous investment opportunities in sectors such as education, renewables and finance. The publication will comprise interviews with leaders of the public and private sectors, as well as selected data and analysis, and will be due for release early in next year.