February 15, 2013

President Vujanović Receives Letters of Credence from the Newly-Appointed Ambassador of Kuwait
President of Montenegro, Filip Vujanović, received today in Cetinje, Letters of Credence from the Ambassador of Kuwait, Fawzi A. Al-Jasem.

President Vujanović expressed respect for friendly relations of Montenegro and Kuwait, identifying wide space for improvement of mutual cooperation, while stressing the need for enlargement of economic cooperation, as well as comparative advantages of Montenegro for investments from Kuwait. In that sense, the President pointed out the capacities for investments and ports and duty-free zone in Bar.

Ambassador Al-Jasem agreed with the need for improvement of bilateral cooperation between two friendly states, especially in the area of economy. In terms of investment capacities of Kuwait, he stressed the availability of favourable credit arrangements for infrastructure projects in Montenegro in the framework of intergovernmental cooperation, as well as the willingness of private Kuwait investors for direct investments in our economy.

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