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STRATEGIC PARTNERSHIP

Kipco, Japanese firm eye Algeria project

, October 18, 2012

Kuwait Projects Company (Kipco) said on Thursday it planned to enter into a "strategic partnership" with Japan's Orix Corporation and that the companies were mulling a joint project in Algeria.

Kipco, Kuwait's largest investment company, said it would sign a memorandum of understanding with Orix, a leasing and financial services group.

The two companies will study the possibility of a joint venture to set up a leasing company in Algeria, a statement on Kuwait's bourse said.

No financial details were provided in the statement.-Reuters




Tags: Japan | Kuwait Projects Company | Kipco | Partner | Orix |

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