By Youssef Al-Tattan KUWAIT, Feb 22 (KUNA) -- South African Minister of Public Works and Infrastructure Dean Macpherson said his country was ready to offer great privileges for the Kuwaiti companies to tap into the promising opportunities.
Republic of South Africa strives to become a distinguished investment-attractive country and remove obstacles facing foreign investors as a means of fueling economic growth, he said in an interview with KUNA at the end of a two-day visit to Kuwait.
The visit aimed to explore for potential partnerships with Kuwait that could promote joint investment and realize the targets of investment of South Africa, Macpherson noted.
With the formation of a national unity government, the first of its kind in the RSA last year, the country is implementing pro-market economic reforms that could attract more foreign investments.
South Africa has unveiled several ample investment opportunities particularly in the field of construction, the minister pointed out.
On the bilateral relations, Macpherson said South Africa and Kuwait enjoy firm diplomatic ties and have huge potentials for closer mutually-beneficial cooperation.
South Africa has a lot to learn from Kuwait on how to manipulate the natural resources for the benefit of the citizens, he said, adding that he has discussed with leaders of Kuwaiti corporations the challenges facing his country.
South Africa was able to solve several problems in the power and water supplies which in turn will open huge opportunities for investors from the public sector in such areas as energy, transport, tourism, sanitary drainage and infrastructure, the minister went on.
Noting that his government amended the regulations related to the public-private partnership (PPP) and the request for proposal (RFPs), he said there are bright prospects for successful partnerships between a government and private sector institutions.
Macpherson, leading a delegation, visited Kuwait on February 20-21 as part of a regional tour that also took them to the United Arab Emirate, Saudi Arabia and Qatar. (end) yt.tab.gb