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News

NBK hosts Turkish business delegation

 

National Bank of Kuwait (NBK), the leading bank in Kuwait and the highest rated in the Middle East, hosted yesterday (Monday) the first-of-its-kind meeting with a high level Turkish business delegation.

A group of Turkish businessmen accompanied Prime Minister Recep Tayyip Erdogan during his visit to Kuwait, attended business forums and discussed business opportunities with their Kuwaiti colleagues. Yesterday’s  meeting was attended by senior NBK officials headed by NBK Group CEO Ibrahim S. Dabdoub and NBK CEO- Kuwait Shaikha K. Al Bahar.

"NBK is greatly honored to be given the unique mandate and opportunity to host this symposium, the fact highlights the historical role played by the bank in promoting relationships and trade flows between Kuwait and other countries in the region," said Al Bahar, speaking at the inauguration of the event, which was held at Sheraton Hotel.

Turkish President Abdullah Gul visited Kuwait in December 2009, the first visit by a Turkish head of state in 12 years. The current Turkish delegation’s visit signifies the growing relationship between Turkey and Kuwait as well as the strategic political and economic role of Turkey in the region.

The two-day meeting encompassed a series of presentations by various government organizations and ministries targeted towards introducing the visiting Turkish delegation to doing business in Kuwait and presented to them various opportunities Kuwait can offer Turkish contractors, including multibillion projects which are part of the five-year development plan.

Dr. Elias Bikhazi gave an overview of the Kuwaiti economy during the meeting, discussed Kuwait’s GDP, and economic opportunities, and the development of Kuwait as a financial center by 2035.

National Bank of Kuwait has a strong relationship with Turkey. The bank's presence in Turkey today both through the Turkish Bank and NBK Capital is evidence of NBK's close ties and interest in Turkey.

 

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