DUBAI: In a scene reflecting the deep historical ties and strong cooperation between Kuwait and the UAE, the presence of Kuwaiti government entities at the exhibition accompanying the events of the Kuwait-UAE Week in Dubai highlighted an important window for bilateral cooperation, opening new horizons for future partnership.
The Kuwait-UAE Week was officially launched on Monday, Feb 3, and will continue until next Tuesday. It features the participation of more than 25 entities representing leading companies and small and medium enterprises. It also showcases cultural and traditional exhibitions, including arts and crafts that reflect the rich cultural heritage of both countries.
Speaking at the opening of the Kuwait-UAE Week on Monday, Kuwaiti Commerce and Industry Undersecretary Ziad Al-Najem highlighted that the UAE is one of Kuwait’s largest global trading partners and the biggest among Arab countries, with trade exchanges between the two nations witnessing significant growth in recent years.
Al-Najem added that the Kuwaiti private sector has sought to capitalize on emerging opportunities in the UAE market, particularly in real estate, services, financial investments, and tourism. He also highlighted the role of UAE investments in supporting economic growth in Kuwait, particularly in maritime and air transport sectors.
Over the past decade, trade between the two countries has grown significantly, with total trade reaching approximately KD 26.7 billion between 2013 and 2022. In 2023, non-oil trade between the two nations reached approximately KD 3.8 billion, compared to KD 3.7 billion in 2022.
Al-Najem expressed confidence that the future of economic relations between Kuwait and the UAE holds promising prospects that will ensure prosperity and growth for both nations within the Gulf region.
The exhibition has so far seen a notable presence of various Kuwaiti government entities, which not only showcased their role in enhancing the national economy and their potential in development but also emphasized their commitment to being active partners in a brighter future for Kuwaiti-UAE cooperation. — KUNA