The National Bank of Kuwait (NBK) is powerfully committing its role and support to the State’s development plans in line with its strategic relationships and continuous communication with all institutions which is registered through the government.

Even. in this context, they had a meeting in their Headquarters with Public Authority for Industry’s management; during their meeting, they examined PAI’s vision and their strategy at the same time their key projects, mainly including: showing integrated fully-serviced industrial cities and NBK’s part in securing financing solutions, investment benefits and banking advisory to support new development projects.

Along with Public Authority, the meeting was also attended by Mr Abdul-Karim Taqi, General Manager-Public Authority for Industry, Mr Salah Al-Fulaij, CEO of NBK – Kuwait, and Mr Sulaiman Al-Marzouq, Deputy CEO of NBK-Kuwait, in addition to several senior PAI’s officials and senior NBK’s executives from Foreign Corporate, Domestic Corporate, Economics & Research and NBK Capital.

According to Mr Salah Al-Fulaij, CEO of NBK that “Our strategy at NBK is to focus on supporting development plans and backing the State’s schedule in order to advance economic growth, by providing all financial solutions, their investment services and advisory as a key partner and the largest financier of all government development project.

Furthermore, Al-Fulaij added that “We are firmly committed out support towards the industrial sector and look forward to supporting that strategic sector as we firmly believe in the essential role of diversifying the national economy, especially in light of the strong relations that bind us with all parties.

Al-Fulaij emphasized that the banking sector in Kuwait, spearheaded by NBK, can meet the substantial financing needs required to support PAI’s projects, most notably, frontier projects like the industrial cities. He reiterated that NBK enjoys a solid financial position and maintains strong capital and liquidity position, positioning it to maintain its position as the bank of choice for financing government projects.

According to Mr Abdul-Karim Taqi, General Manager of Public Authority for Industry that we are really happy while communicating with NBK as a leading banking institution, as part of the continuous cooperation between PAI and Kuwait banking sector.