Deputy Minister of Foreign Affairs for Economic Diplomacy and Openness Kostas Fragogiannis, signed on Monday January 16, 2023, during his visit to Kuwait and representing the Hellenic Export Credit Company ECG, a Memorandum of Cooperation with Dhaman, Kuwait’s export credit entity.
On the Kuwaiti side, the Memorandum was signed by the Director General of Dhaman, Abdullah A. Alsabeeh. Dhaman, has been operating since 1974 and is a renowned entity in the Arab world, with a strong client portfolio of financial institutions, investors and exporters, both domestic and international.
“The signing of the Memorandum with Dhaman is an important step towards improving our economic relations with Kuwait, as it paves the way, institutionally, for a closer, regular and targeted cooperation between the business communities of the two countries,” stated Mr. Fragogiannis.
Aside from the basic provisions of the Memorandum for the promotion of exports and economic relations generally between Kuwait and Greece, the parties agreed to enhance their cooperation and to explore mutual opportunities for insurance, reinsurance, co-insurance services for exports of goods and services between the two countries.
Furthermore, the two parties agreed to exchange commercial and credit information for buyers who are located in Kuwait or Greece, as well as to exchange best practices on risk management and insurance recovery requirements.
Special focus is also placed on fostering the ties between the two countries, regarding exports, through the organisation of B2B meetings and events with the participation of export companies, established in Kuwait and Greece, operating in sectors of strategic importance such as agriculture, steel and aluminium, renewable energy, engineering, waste management and construction.