AED 50 Billion of Non-oil Trade
“UAE-Kuwait Week” kicked off today in Dubai and will run until February 4.
It aims at strengthen strategic relations and cooperation across various sectors between the United Arab Emirates and Kuwait.
Fostering comprehensive development and mutual interests between the two brotherly nations.
H.E Dr. Thani bin Ahmed Al Zeyoudi, Minister of State for Foreign Trade, stated that non-oil trade between the UAE and Kuwait reached approximately AED 50 billion (USD 13.5 billion) in 2024.
Marking a 9% annual growth compared to 2023.
Meanwhile, mutual investments between the two countries approached AED 20 billion (USD 5 billion) by the end of 2022.
In a statement to WAM on the sidelines of the UAE-Kuwait Week, His Excellency emphasized that this event serves as a key platform to explore business opportunities, boost trade and investment flows, and foster long-term partnerships between the private sector and business communities in both countries.
Strengthening Economic & Cultural Ties
The UAE-Kuwait Week aims to enhance economic and cultural ties.
Showcasing the deep-rooted historical relationship between the two nations.
It is an ideal platform to explore investment opportunities, expand trade in key sectors, and exchange insights on economic developments.
Opening new avenues for cooperation and strengthening the prosperous relations between the two countries.
The accompanying exhibition brings together more than 25 entities.
Those entities represent leading companies and small & medium enterprises (SMEs).
The UAE is strengthening its position as a global leader in renewable energy through ambitious projects aimed at achieving sustainability and carbon neutrality.
The Gulf state continues its investments in clean energy, focusing on expanding solar energy capacity and enhancing its… pic.twitter.com/pKKGyQxIbh
— UAE Voice (@uae_voiceeng) February 3, 2025
The event also features cultural and heritage shows.
Including traditional arts and handicrafts, highlighting the rich cultural heritage of both nations.
Key Discussions & Investment Opportunities at UAE-Kuwait Week
The event includes a series of activities and panel discussions.
With participation from top experts and officials, aimed at exploring promising investment opportunities across various strategic economic sectors.
Additionally, UAE-Kuwait Week serves as an exclusive platform for exchanging ideas and enhancing cooperation in best government practices and sustainable development initiatives.
