– The head of the Italian sovereign wealth fund (CDP), Dario Scannapieco, praised the successful investment partnership with Kuwait, looking forward to expand it within the framework of (Kuwait Vision- 2035).

He also praised Kuwait’s economic leadership in the region, deeming the country as a distinguished financial center.

During a meeting held between Scannapieco and Kuwaiti Ambassador in Rome Sheikh Azam Al-Mubarak Al-Sabah, both sides reviewed the special partnership between the giant Italian financing institute and Kuwait’s General Authority of Investments for more than one decade.

A statement by the Embassy to KUNA said that the Italian official stressed the importance of Kuwaiti Investments in Italy, worth Euro 120 billion (USD 142 billion) -fund liquidity, the largest among foreign investments.

On his part, Kuwait Ambassador praised the high position and economic strength of the Italian sovereign wealth fund.

He pointed out that Italy would be capable of developing more mutual investments especially after the recovery of the COVID-19 pandemic, and after taking over the presidency of the G20

Source: Kuwait News Agency