| A billion euros in trade annually, close political relations and a shared commitment against Islamic State (ISIS) terrorism, with Italian military planes in Kuwaiti territory, form the basis of Italy's relations with Kuwait. This year's 500-million-euro investment by the Kuwait Investments Authority (KIA) in Italy's Strategic Fund (FDI) is especially noteworthy as well, said Italy's ambassador to Kuwait Fabrizio Nicoletti in meeting with journalists on Friday.
KIA is a sovereign wealth fund that has 400 billion euros in its coffers, and its entrance as 'partner' into the FSI, the Italian institution for foreign investment, marks a turning point in the partnership between the two nations, he said, adding that the agreement had set an example for many other countries...............................................Full Article: Source
|