KUWAIT, Oct 18 (Reuters) - Kuwait Projects Co (KIPCO) said on Thursday it planned to enter into a “strategic partnership” with Japan’s Orix Corp 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. (Reporting by Sylvia Westall; Editing by Dinesh Nair)