HH the Emir Participates in First Asian Cooperation Dialogue Summit in Kuwait

Kuwait, October 16 (QNA) – HH the Emir Sheikh Hamad bin Khalifa Al Thani participated in the opening session of the First Summit of Asian Cooperation Dialogue (ACD), held at the Liberation building at Bayan Palace in Kuwait on Tuesday.
The session was attended by HE Prime Minister and Foreign Minister Sheikh Hamad bin Jassim bin Jabor Al Thani and Their Excellencies members of the official delegation accompanying HH the Emir.
The Emir of the State of Kuwait Sheikh Sabah Al-Ahmad Al-Jaber Al-Sabah stressed in his opening speech his country’s readiness to adopt any mechanism to develop the cooperation between the countries of Asian dialogue, announcing Kuwait’s willing to join the Asian Development Bank.
The Emir of Kuwait extended an initiative to mobilize Asian cooperation through mobilizing financial resources of $2 billion dollars for a program aimed at financing development projects for non-Arab Asian countries.
Kuwait’s Emir also said that it may be appropriate to assign a development institution such as the Asian Development Bank to manage the proposed financial resources to implement projects for the benefit of the least developed countries.
Leaders, Kings, heads of government and representatives of 32 Asian countries as well as a number of officials of regional and international organizations are participating in the two-day summit.
The summit will focus on means of Asian cooperation in the economic, political, social, environmental and humanitarian fields in addition to ways to cope with natural disasters.
Participating countries look forward to convert the ACD Summit to permanent and secretarial system and a headquarters to follow up and activate its resolutions.
The idea of the Asian Cooperation Dialogue Summit was launched nearly ten years ago in the Kingdom of Thailand with the aim of gathering Asian countries within a collaborative framework to facilitate coordination among them. (QNA)