KFH sponsors the Fourth Islamic Economic Convention

KFH sponsors the Fourth Islamic Economic Convention
Al-Omar: Establishing an independent authority to market Kuwait globally is a step towards turning it to financial center
The General Manager of Kuwait Finance House (KFH) Mohamed Sulaiman Al-Omar recommended establishing an independent authority that has full authority to work on marketing Kuwait in global meetings, especially that there is a great demand from investors all over the globe to invest in Kuwait.

Al-Omar stated that Kuwait has the qualities that can help in restoring its role in the region as a financial and commercial center, where commerce and financial transactions meet. The best quality is the availability of employees who inherited long accumulated experiences over the generations that came by since the birth of Kuwait as a political state.

Al-Omar announced that sponsoring the Fourth International Islamic Economic Convention that will be held in Bayan Palace on 29th of April, and attended by His Highness Sheikh Subah Al-Ahmad Al-Jaber Al-Sabah, many country presidents and leaders, high-ranked officials, intellectuals, and economists, both in the Arab and Islamic worlds, comes as a contribution in making this important event that will be held in Kuwait for the first time a success.

Moreover, this event cements Kuwait's development role in assisting the Islamic countries and people, and reveals its status as a prominent center for Islamic financial services, because of its corporations, establishments, their growth rates, unique performance, and network around the globe.

Al-Omar stated in a press release that KFH is concerned with highlighting the role of Islamic financial business in constructing the globe and the development of Islamic nations through investment projects that benefits both parties, whether participants or beneficiaries. This leads to more job opportunities and adds experience to young experts, and at the same time contributes in the development of Arab and Islamic countries.

He added that the Islamic corporations that have assets over $ 400 billion are invited to broaden their field of business and focus on major development projects in Islamic countries, which started to allow the private sector more working grounds, in addition to attracting capitals and modify legislations that hinder that, including the ones that did not allow the existence of Islamic banks.

He stressed that KFH is also concerned with making the His Highness the Emir's wish a fact by turning Kuwait into a global financial center, taking into consideration that the Islamic financial transactions have become a main pillar in the global economy. Thus, it is vital to activate this side, add to its experience, present solutions and projects that contribute in reinforcing the role of the Kuwaiti economy through major contributions.

Al-Omar noted that the Fourth Islamic Economic Convention is held under the title "Islamic countries are partners in global development".

The convention includes a series of discussions that tackle various economic and development issues that are occupying the participating countries, will offer a golden opportunity to reveal the capabilities of Islamic corporations and banks, and their plans to participate in supporting economic development plans in the participating countries; in addition to highlighting the most prominent obstacles that block the road to development.

He expressed his hope that the convention will assist in setting clear mechanisms and bases that guarantee that Islamic and Arabian capitals will assist in developing their countries and people, especially Islamic money that is welcomed outside the Islamic world, which makes it prone to attraction from other countries.

He praised the efforts of the convention organizers and their eagerness in presenting it in the best way possible, where they will organize the participants, topics and speakers. Moreover, Al-Omar welcomed all the convention attendees.