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Banqin New Tide to Invest in Kuwait
China's Banjing Nutide Energy Technology Company announced a request to establish a new company in Kuwait named "Nutide Kuwait," with a capital of 5 million Kuwaiti Dinars. The company aims to treat and dispose of hazardous and non-hazardous waste, with the possibility of engaging in related and complementary activities, in compliance with Kuwaiti laws related to investment promotion and company regulation. The document included defining management responsibilities, a contract duration of 99 years, with possibilities for transfer within Kuwait and establishing branches abroad. The necessary procedures involve obtaining the required licenses and complying with applicable laws before commencing operations.
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