The Dow Chemical Company participated in the First Kuwait Investment Forum, which was held in Kuwait on April 7-9, 2012. Dow participated in the session, named ‘Reality, Obstacles, Solutions’, as a Diamond sponsor.
Drawing on its experience of 17 years in Kuwait, Dow was at the core of industry discussions, addressing the benefits and challenges of investing in Kuwait. As one of the largest foreign investors in the industry, and the largest private employers of Kuwaiti nationals in the petrochemicals industry in Kuwait, Dow has consistently supported Kuwait's economic development and prosperity. Dow and Petrochemical Industries Company K.S.C. (PIC) of Kuwait have partnered on five industry-leading joint ventures: EQUATE Petrochemical Company, MEGlobal, The Kuwait Olefins Company (TKOC), The Kuwait Styrene Company (TKSC) and EQUATE Marketing Company.
“This event is an ideal platform for us to express our support for investment in the Kuwaiti market. We look forward to exchanging views and sharing our expertise with industry professionals, in order to help Kuwait achieve its goals of developing its business environment and investment process. This will enable the country to attract foreign capital to the domestic market, in addition to focusing on the domestic investor”, said Jamel Attal, Managing Director, Dow Kuwait.
“We are pleased that Dow has been an active part of this forum, setting a positive example of the company’s support for Kuwait. The initiatives and bridge-building endeavors set forth by the first Kuwait Investment Forum are very important to the future of the country’s development,” said Madi Al-Khamees, General Secretary, Arab Media Forum. “By being a part of this session, Dow is reiterating its advocacy of empowerment via education, economic development and mutually-beneficial bilateral relationships between countries.”
The exclusive event was opened by H. E. Dr. Fadel Safar Ali Safar, Kuwait’s Minister of Public Works and State Minister of Municipal Affairs, and brought together Kuwait’s policy makers, business leaders and financiers, international economic figures, including investors and academics and highlighted the unique investment prospects being created through the government’s drive for economic diversification.
Attal also said, “We believe that Kuwait is on the right path to development and to achieving its aspirations of becoming an attractive global financial center for investment and capital. The Kuwaiti investment market has advantages and strengths that can attract foreign capital investments, as Kuwait has huge material, human and natural potentials that will allow it to take the lead and restore its natural position in the region.”
Dow firmly believes that the health of its business is intertwined with the health of the communities in which it operates. In line with this, Dow actively supports the social and economic aspirations of the Kuwaiti community and is committed to developing its drive for change and expanding its partnerships. Dow has partnered with ‘The en.v Initiative’ to support environmental programs in Kuwait, and REUSE 4.0, the foremost sustainability and recycling platform in Kuwait. Dow also has a partnership with Lothan Youth Achievement Center (LoYAC) of Kuwait, as well as a sponsorship agreement with Al Bayan Bi-lingual School (BBS), to support community sustainability efforts, and launch various educational programs about sustainability.