Armenian Deputy Prime Minister and Minister of Territorial Administration Armen Gevorgyan met in Kuwait City with the Kuwait investment fund Deputy Director Hamad Al-Omar.

The meeting was held in the framework of Gevorgyan’s visit. The Kuwait investment fund has been active in the Middle East, supporting the development program. The activities of the fund are in particular focused on the infrastructure of agriculture, irrigation and drinking water, transportation and energy infrastructure. The parties discussed the possibility of cooperation in these sectors.

Armenian Deputy Prime Minister said that the government pays great attention to the improvement of infrastructure in the country, as it is essential to the development of the regions. In the coming years, he added, the government is preparing a major program for the construction of reservoirs. Gevorgyan proposed certain programs and discussed the principles of cooperation with international donor organizations.

Management of the investment fund was offered the project of construction of the water reservoir near the village Mastara in Armenian Aragatsotn region. With the capacity of 10.2 million cubic meters, the reservoir will collect Mastara river water. Reservoir will provide irrigation for 4,384 hectares, or six communities in the region.

During the meeting, it was agreed that the Kuwaiti side will be presented with specific offers on the construction of water reservoir during next few months, after which the foundation officials will visit Armenia to make a final decision on the possibilities of the project. It is expected that in May 2013 the construction project of the reservoir would be submitted to the foundation for final decision.

Kuwait foundation representatives expressed interest in cooperation, and expressed willingness to discuss other specific projects as well.