Last week, WAIPA held its semi-annual Steering Committee Meeting in Kuwait, hosted for the first time by the Kuwait Direct Investment Promotion Authority (KDIPA), which currently holds the WAIPA Vice-Presidency. This gathering brought together the esteemed WAIPA Steering Committee members for the term 2023-2025, who were elected at the 27th WIC in New Delhi, signifying a pivotal moment for leadership and collaboration within the global investment community.

Warm Welcome and Strategic Discussions

The event commenced with a warm welcome from KDIPA Director General Sheikh Dr. Meshaal Jaber Al-Ahmad Al-Sabah and the Prime Minister of Kuwait, H.H. Sheikh Dr. Mohammed Sabah Al-Salem Al-Sabah. Their hospitality set a collaborative tone for the gathering, emphasizing Kuwait’s dedication to enhancing its international presence through strategic partnerships and joint economic initiatives.

Agenda Highlights and Key Outcomes

  • Global Developments and Q1 Plan Review: The committee reviewed recent global developments and updates on WAIPA’s first quarter Plan of Activities and Budget for 2024.
  • Upcoming WAIPA Events: Preparations for the 28th WAIPA General Assembly and World Investment Conference (WIC 28), scheduled for November 25-27, 2024, were a focal point of discussion.
  • Strategic Decisions: Members deliberated on several pertinent agenda items, including coordinating efforts to increase global FDI-related studies, organizing regional events, and developing effective communication and media channels.