• search

Kuwait King to sign accord on mega oil refinery

By Staff
Subscribe to Oneindia News

Dubai, May 6: Kuwait King Sheikh Sabah Al-Ahmad Al-Sabah, who is visiting India in mid-June, is expected to sign several major pacts, including an agreement on setting up a mega oil refinery in India.

The Emir would be accompanied by Prime Minister Sheikh Nasser Mohammad Al-Ahmad Al-Jaber Al-Sabah and several other senior ministers.

His visit would strengthen bilateral political and economic ties, sources said. The centrepiece of the growing ties would be an economic cooperation treaty that would accelerate joint investment projects, sources added.

The Emir, during his talks with Prime Minister Manmohan Singh and other leaders, would identify areas of cooperation such as education, power, petroleum, infrastructure development, capacity building and free trade.

Meanwhile, the issue of welfare of Indian workers, who form about half a million in Kuwait, would also come up for discussion during high-level meetings.

Currently both countries are discussing various memorandums of understanding relating to labour, avoidance of double taxation, investments and economic cooperation, that would come up for approval during the Emir's visit.

UNI

For Breaking News from Oneindia
Get instant news updates throughout the day.

X
We use cookies to ensure that we give you the best experience on our website. This includes cookies from third party social media websites and ad networks. Such third party cookies may track your use on Oneindia sites for better rendering. Our partners use cookies to ensure we show you advertising that is relevant to you. If you continue without changing your settings, we'll assume that you are happy to receive all cookies on Oneindia website. However, you can change your cookie settings at any time. Learn more