He recalled that Kuwait has rendered financial assistance of USD 500.0 thousand during dzud of 2000-2001 winter and aid for eliminating the damages caused by last summer’s flood in Bayan-Olgii.

The Speaker also underlined that, while noting the bilateral political and economic relations has been progressing rapidly within the last couple decades, the people of Mongolia are always grateful for the developments constructed on the financing of Kuwait, such as the road constructions and the project on Taishir’s Hydropower Plant. “The research center, initiated by Your Highness has been operating in Ulaanbaatar with success and is conducting the feasibility study for expansion project of Undurkhaan Airport”, added Mr Enkhbold.

As Your Highness is well acquainted with Mongolia, he said, we have sea of cooperation opportunities in mining, agriculture, tourism, construction and infrastructure.

Chairman of the SGK M.Enkhbold added that the new cabinet has been working for attracting more foreign investment, protecting investors’ interests and sophisticating the legal and business grounds for promoting international investments to Mongolia.

In turn, Sheikh Sabah Al-Ahmad Al-Jaber Al-Sabah said “We always appreciate Mongolia’s support for Kuwait in times of Iraq war. Please make Yourself at home. Although the weather has been stern for the recent days in our country, I believe this is nothing for Mongolians. Please convey my gratitude along with my greetings to the President of Mongolia”.

Expressing his hope that the issues of loan and financial assistance by the Kuwiat Fund would be settled with positive results, the Emir noted that Kuwait itself has been facing some economic decline in regard to the fall of oil price. “Nevertheless, our side will be willing to give a helping hand to our Mongolian friends”, he went on. His Highness the Emir said that he recognizes the Speaker’s visit to his country of great importance as it is crucial to strengthen cooperation and friendship between the peoples and the legislative bodies.

At the end this meeting, His Highness the Emir wished prosperity to the growth of Mongolia and wellbeing and happiness to the people.