State Secretary for Foreign Affairs and External Economic Relations Péter Szijjártó and Head of the Kuwaiti Investment Office Osama Al-Ayoub held talks in Budapest on Kuwaiti investment opportunities in Hungary.

During the meeting, which took place yesterday, the two officials reviewed various sectors of the Hungarian economy, such as farming, developing infrastructure and the property market, for possible Kuwaiti investments.

The Kuwaiti Investment Office, which is part of the Kuwaiti Investment Authority and manages 10% of the country’s oil revenue, had already signed a declaration of intent on cooperation with the Hungarian Development Bank’s MFB Invest.

The Hungarian-Kuwaiti Joint Economic Committee will hold its next meeting in Budapest in the beginning of May.

(Prime Minister’s Office)