June 20, 2002	Thursday	Rabi-us-Sani 8, 1423

KUWAIT CITY, June 19: Kuwait in a bid to boost investment would soon invite foreign investors for development of its islands.

The source told an Arabic daily, Rai Al Aam, that the cabinet would soon issue a ministerial decision, offering foreign investors a 50-year lease of government property and unrestricted access to the projects, without the Kuwaiti partner, for developing Falika and Bobiyan islands.

The source said that the purpose of encouraging foreign investors was to safeguard the Kuwaiti boarders as investors countries were likely to defend their interests.

“Tax exemptions would also be granted to foreign firms interested in developing Kuwaiti islands,” the source added.