Kuwait’s Zain Eyes New Project Investments

Zain Group, the Kuwait-based telecommunications company, has announced plans to implement a number of project investments across the Middle East and North Africa.

The company, which operates seven mobile networks in the region, said the projects will focus on “introducing new communication services while also reinventing current offerings”.

Hisham Akbar, Zain Group’s chief commercial officer, made the comments after meetings held between the company and international investors and banks.

He said: “Zain Group is currently focusing on maximising the opportunities in its core markets and reinforcing its competitive edge in order to maintain growth in its financial indicators, Arabian business reported.

“The Group has many incentives that will help us achieve the targeted growth rates. Thus, our current priority is to increase the focus on developing our operations with a view to achieving the operational performance that meets our ambitions for this stage in our development.”

Osama Matta, Zain Group’s chief financial officer, added: “The financial solvency of the Group allows for the implementation of our planned investments and the achievement of our strategic priorities and goals as a result.”