Kuwait Finance House honors Turkish Ambassador for developing relations between two countries

The Ambassador was keen on boosting bilateral relations and stressing the importance of common interest issues in various fields. Moreover, Fakili always emphasized the importance of economic ties and their role in strengthening the ties among nations and people. Moreover, he believes that there are numerous fields in which the people of both countries can benefit from, taking into consideration the various potentials of the Kuwaiti and Turkish markets that are complementary to each other.

KFH's CEO Mohammed Al-Omar praised Saker Fakili during the honoring of the ambassador on the occasion of completing his term in Kuwait, mentioning his positive achievements that reinforced the relations between Turkey and Kuwait in all fields, especially the economic fields. Fakili also managed to positively solidify the concept of economic diplomacy that he believes in. Moreover, he contributed in boosting the opportunities and fields of economic cooperation on all levels, which was evident in the approach of numerous major financial corporations and institutions towards investing in the Turkish market. In addition to that, the Ambassador sponsored more than a visit made by economic delegations to highlight the opportunities and benefits of investing in Turkey, which has pushed many investment corporations to invest there.

Furthermore, Al-Omar, who is KFH-Turkey's Chairman, noted that the Turkish market is rich, has a variety of potentials and is full of opportunities, and that KFH-Turkey, in which KFH owns 62%, is working to cement its role in the Turkish banking industry and the region by playing an integral role. In Turkey, the bank aims to lead Islamic and conventional banks by expanding in areas strongly connected to the Turkish market, such as Bahrain and Germany, in addition to linking Turkey to the GCC and Kuwait on the one hand, and the whole region to Europe, Central Asia, and the United Russian Republics on the other, since Turkey is relentlessly attempting to join the European Union and also its strategic location as a gate to Europe. He added that KFH-Turkey is ready to offer the support that the Kuwaiti and Gulf investors need.

On his behalf, the Turkish Ambassador expressed his great joy to the achievements accomplished in various faces of the relationship between the two countries during his post in Kuwait since 2005, especially the economic relations, which would have never seen the light if it was not for the cooperation of major Kuwaiti financial corporations. The commercial trading and economic cooperation between Kuwait and Turkey is constantly increasing, due to the diligence of both countries to deepen the common interests between them, in addition to the efforts of businessmen and investors who believe in the potential of the Turkish market, and its development opportunities. He added that during the last three years, the commercial trading between the two countries increased from $220m to reach $500m, and the Kuwaiti investments in Turkey multiplied from $3bn to reach $6bn.

Finally, the Turkish Ambassador stated that KFH is a model for financial institutions that contribute to the cementing of the international relations. He also believes that KFH's widespread and its inclination to investing in numerous global markets and countries, in addition to building ties between Kuwait and other countries, has strengthened the regional and international cooperation links that are based on mutual interest, economic relations, commercial trading, and investment projects.