Date(s) - 13 November 2011
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EQUATE Petrochemical Company said it will sponsor the First Kuwait Investment Forum to be held in Kuwait during January 7-9, 2012.
On this occasion, EQUATE President & CEO Hamad Al-Terkait said that EQUATE extends utmost support to all sustainability relevant initiatives in Kuwait within a framework of community collaboration to ensure serving the entire society through effective and tangible contributions in line with its commitment to Corporate Social Responsibility (CSR) in Kuwait and beyond.
Al-Terkait added that EQUATE’s sponsorship of this forum stems from its CSR philosophy and sense of national commitment to Kuwait as it will address challenges facing investments in Kuwait, especially in terms of small investors and investments which form a cornerstone for a strong and productive national economy that will serve the Amiri vision to transform Kuwait into an international financial hub.
Al-Terkait noted that Kuwait’s current investment direction requires overall collaboration and alliance between economic and investment bodies as well as the society to realize aspirations that will benefit Kuwait along with its economy and infrastructure in several fields, which in turn will contribute to Kuwait re-gaining its leading regional role.
Al-Terkait explained that the First Kuwait Investment Forum has considerable significance through tackling challenges and elements pertaining to investing in Kuwait in terms of legal requirements, legislative support, ties between bodies facilitating investments in Kuwait, attracting capital investments, as well as providing expert advice on small investments by reputable figures and companies.
Established in 1995, EQUATE is an international joint venture between Petrochemical Industries Company (PIC), The Dow Chemical Company (Dow), Boubyan Petrochemical Company (BPC) and Qurain Petrochemical Industries Company (QPIC). Commencing production in 1997, EQUATE is the single operator of a fully integrated world-scale manufacturing facility producing over 5 million tons annually of high-quality petrochemical products which are marketed throughout the Middle East, Asia, Africa and Europe.