· It is also one of 10 nations rated as having the best investment climate for creating clean energies, he said.

· He proposed setting up a monitoring group to enable Kuwaiti businessmen to find out about Mexico and its investment opportunities, and for Mexican businessmen to have a presence in Kuwait.

· He hailed the fact that TAMSA company has announced investments of $150 million USD in Kuwait. Let this be an example and a spearhead of the great economic relationship we can build between Kuwait and Mexico, he said.

· He participated in the Mexico-Kuwait Business Forum.

Earlier today, President Enrique Peña Nieto participated in the Mexico-Kuwait Business Forum, at which he told businessmen from both countries about some of the changes that have taken place in our country in the past 40 years, when diplomatic relations began between Mexico and Kuwait, which now make it possible to intensify and strengthen bilateral relations in various fields.

President Peña Nieto said that efforts are being made with Kuwait to find areas of opportunity to narrow the investment gap and for Kuwaiti entrepreneurs to discover that Mexico is a reliable country to invest in.

He noted that, “International consultants rate Mexico as one of the world’s 10 most reliable investment destinations. As regards financing new energies, Bloomberg has positioned Mexico as one of the 10 top countries out of a total of 30, with the best investment climate for generating clean energy.”

The Mexican president said that since the establishment of relations between Mexico and Kuwait 40 years ago, “We have had an incipient trade and a close, fraternal relationship, yet one that has fallen short of promoting mutual investment between the two countries and exploring more opportunities.”

He therefore proposed the establishment of, “A specific monitoring group that allows Kuwaiti entrepreneurs to find out about Mexico, to be present and see and experience our country, its strengths, its conditions and the great opportunities it may have, and at the same time to meet their counterparts in Mexico so that they too can have a presence in this country.”

President Peña Nieto welcomed the fact that TAMSA company has announced that it has signed a $150 million USD contract to invest in Kuwait. “This means jobs in Mexico, investment here in Kuwait, and nearly doubles the level of trade we had built in 40 years.”

Let this be an example and a spearhead of the great economic relationship we can build between Kuwait and Mexico, he said.

He noted that, “This economic relationship we wish to build has a purpose:  bring two countries that have a fraternal relationship and a friendship closer together and find opportunities so that the reciprocal investments and trade in which they engage will provide well-being development and opportunity for our societies.”

At the event, held during the framework of his tour of countries in the Arabian Peninsula, the Mexican president declared that in recent years, 13 structural reforms have been introduced in Mexico, opening up investment opportunities in different areas, which will undoubtedly enable, “Our country to achieve conditions of further development in various areas.”

He said that following the passage of Energy Reform in 2015, electricity tariffs for the industry in Mexico were only 13 percent higher than in the United States, compared with rates in 2012 in this sector, which were 84 percent higher.

He also explained that in the hydrocarbons sector, “Various rounds of bidding have been held in an open, transparent process, breaking a 60-year-old paradigm in Mexico to achieve private sector participation.”

“The purpose of all this structural change is to leverage our strength and our potential for production, energy development and better and more efficient exploitation of the resources we have in the ground,” he said.

The Mexican president declared that another sector where there are great opportunities to invest in our country is telecommunications. “The Telecommunications Reform has opened up this sector to enable more companies to provide mobile and Internet services in better conditions for users, which is undoubtedly a key element in the competitiveness we can have as a country,” he added.


Ali Mohammed Thunayan Al Ghanim, President of the Kuwait Chamber of Commerce and Industry, said that improved bilateral relations between Mexico and Kuwait will improve production and trade between the two countries.

“We must develop this trade, we are friendly countries with a long history. That is what the friendship between our countries represents today, together with the confidence to leverage this.”

He stressed that advantage must be taken of our proximity in various sectors, not only in agricultural production. We must also discuss issues on the subject of energy infrastructure to improve strategies and develop the competition between both countries for investments, he added.

“We also wish to strengthen these bilateral relations between our nations in order to be more attractive to various investors in the future,” he added.


During his state visit, the Mexican President met with His Highness Sheikh Sabah Al Ahmad Al Jaber Al Sabah, Emir of Kuwait, at Bayan Palace.

The Mexican President and the Emir of Kuwait exchanged decorations: the president awarded the Decoration of the Order of the Aztec Eagle, Collar Grade, and received the Decoration of the Mubarak the Great Award, Collar Grade.

The Emir of Kuwait was distinguished by United Nations Secretary General Ban Ki-moon as an Exemplary Humanitarian Leader for his contribution to addressing the crisis in Syria and Iraq in 2014.

President Peña Nieto and the Emir of Kuwait witnessed the signing of the following agreements and memoranda in the Treaty Room at Bayan Palace:

1. Memorandum of Understanding on Academic and Diplomatic Cooperation to promote cooperation activities in the field of diplomatic training through the exchange of information.

2. Cooperation Agreement in culture and art, to establish the basis for mutual understanding and to support the development of our cultural identity by promoting an approach to the arts and cultural events.

3. Memorandum of Understanding on Tourism. Tourism promotion initiatives will be designed to increase bilateral tourism flows, with an emphasis on luxury, adventure and nature tourism.

4. Memorandum of Understanding on Energy Cooperation, taking into account the experience and expertise of both countries.

5. Cooperation Agreement on Higher Education, to promote activities that contribute to strengthening mutual understanding in education.

6. Air Services Agreement to establish and operate specific routes and scales.

7. Memorandum of Understanding on Health, for cooperation in health and medical science, based on the principles of equality, reciprocity and mutual benefit.

8. Memorandum of Understanding on Cooperation and Investment between ProMéxico and Kuwait Direct Investment Promotion Authority to promote and expand trade relations.

9. Memorandum of Understanding between the Mexican National Council of Science and Technology (CONACYT) and the Kuwait Institute of Science and Research for cooperation in the fields of science and technology, on the basis of equality and mutual benefit.

10. Cooperation Protocol between the National Foreign Trade Bank (Bancomext) and the Kuwait Chamber of Commerce and Industry, which provides for various cooperation activities such as corporate transactions, corporate loans, project financing facilities and asset finance.

11. Cooperation Memorandum of Understanding between Bancomext and Kuwait National Bank, which provides for various cooperation activities such as corporate transactions, corporate loans, project financing facilities and asset finance.

President Peña Nieto also met with Marzouq Ali Al-Ghanim, President of the Kuwait National Assembly, who informed him that the Kuwait Foreign Affairs Commission has already approved the Agreement for the Promotion and Reciprocal Protection of Investments, which will be voted on in the House on January 26.

The President of Mexico also met with His Highness Sheikh Jaber Al-Mubarak Al-Hamad Al-Sabah, Prime Minister of Kuwait. He was accompanied by Claudia Ruiz Massieu, Secretary of Foreign Affairs, and Francisco Ortiz Guzman, head of the President’s Office.

He also met with Sheikh Sabah Al-Khaled Al-Hamad Al-Sabah, Deputy Prime Minister and Minister of Foreign Affairs of Kuwait.

Afterwards, the Emir of the State of Kuwait hosted a State Luncheon for President Peña Nieto in the Banquet Hall at Bayan Palace.

At the end, the President of Mexico and the Emir of Kuwait traveled in the same car to the Emir’s Terminal at Kuwait International Airport, where the farewell ceremony was held, at which the national anthems of the two countries were played and the Mexican president reviewed the Guard of Honor.