"Kuwaiti -Kuwaiti week" It starts in Dubai, February 3

Dubai, January 24 / WAM / The activities of the “Emirati Kuwaiti Week” in Dubai will start during the period from February 3 to 4 to 4 February, in the context of consolidating strategic relations between the two brotherly countries, and their efforts to achieve comprehensive development and mutual interests in all sectors.

The forum organized by the Ministry of Economy in partnership with the Chambers of Dubai and in cooperation with the General Consulate of the State of Kuwait and the Dubai Culture and Arts Authority is an important platform for exploring investment opportunities and developing trade in vital sectors, as well as exchanging visions and ideas on developments in the economic environment, which contributes to opening new horizons for cooperation between The two countries, and ways to develop them.

His Excellency Dr. Thani bin Ahmed Al -Zyoudi, Minister of State for Foreign Trade, said that the brotherly relations between the UAE and the sisterly state of Kuwait are witnessing successive positive developments in all political, economic, cultural and social fields, thanks to the joint will of the two leaders of the two countries in upgrading these relations to more broaded levels of strategic partnership.

He added that the value of non -oil trade between the UAE and Kuwait during the first 11 months of 2024 amounted to 45.4 billion dirhams “12.4 billion dollars” with an annual growth of 7.2% compared to the similar period from 2023 according to the initial figures, while the investments flowing from the State of Kuwait to the Emirates amounted to The beginning of 2023 is worth $ 4 billion.

His Excellency explained that the launch of the Emirati Kuwaiti week in Dubai as a platform for exploring investment opportunities in the targeted sectors, and promoting the growth of inter -trade, a translation of the two countries’ commitment to enhance growth and cooperation in the fields of trade and investment, by providing new opportunities for the private sector and business community in the two brotherly countries.

His Excellency stressed the importance of this cooperation and its pivotal role in supporting the private sector and small and medium enterprises on both sides, which is considered an essential pillar for achieving economic growth, in addition to exchanging experiences and experiences in the areas of developing government services, which contributes to enhancing the competitiveness of the two countries on the international economic scene.

His Excellency Al -Zyoudi pointed out that the UAE and Kuwait are working to enhance economic cooperation frameworks and expand strategic partnerships between them and emphasized the importance of investing the opportunities available in both countries, and exploring new possibilities to stimulate sustainable economic growth, in line with the vision of “We Emirates 2031” and the vision of “Kuwait 2035”, the two goals To achieve sustainable development and enhance economic prosperity in the region.

For his part, His Excellency Abdulaziz Abdullah Al Ghurair, Chairman of the Board of Directors of Dubai Chambers, said that the Emirati Kuwaiti week contributes to the development of inter -trade and investment between the two brotherly countries to broader horizons, and in enhancing joint cooperation to develop more promising investment opportunities in a group of vital sectors, stimulating growth Economic and sharing best practices and experiences.

His Excellency added that the Dubai Chambers supports the UAE Kuwaiti week, in order to enhance trade and investment relations with the State of Kuwait, and it works under the umbrella of the Dubai Chamber of Commerce, the Kuwait Business Council, which represents the interests of Kuwaiti companies operating in the emirate, as the number of active Kuwaiti companies registered in the chamber membership increased to 775 companies at the end of September of this year.

For his part, His Excellency Khalifa Al -Ajil, Minister of Trade and Industry in Kuwait, said that the Emirati -Kuwaiti week aims to explore more opportunities to upgrade the relations of the two brotherly countries and contribute to enhancing joint economic cooperation to develop more promising investment opportunities in a group of vital sectors and stimulating the growth of inter -trade movement. He added that the relations between the State of Kuwait and the UAE represent a distinguished model for bilateral cooperation and economic integration in the Arab Gulf region over the years, stressing the depth and strength of relations in various fields.

His Excellency said that organizing activities such as the “Emirati Kuwaiti Week” reflects our common keenness to deepen the links of cooperation in various fields through the exchange of experiences and knowledge and hold bilateral meetings between the various governmental and private sectors.

His Excellency Khalifa Al -Ajil stressed that through these activities, we aspire to continue to enhance cooperation in strategic sectors such as tourism, health care, energy and financial services in a way that serves the interests of the Kuwaiti and Emirati peoples and supports the two countries’ vision towards sustainable development.

His Excellency Khaled Al -Zaabi, the Consul General of the State of Kuwait to Dubai and the northern Emirates, praised the depth of the brotherly relations that link both the State of Kuwait and the UAE, noting that these brotherly relations that link the two leaderships resulted in the opening of wide relations in all investment, economic, cultural and tourism fields, which witnessed in its periods Husing rapid growth and great expansion in comprehensive strategic partnerships in various fields and close coordination in the sustainable development paths of both countries “activities and events”.

The agenda of the Emirati -Kuwaiti week, which is held in two days, includes a number of various activities and activities that include the exhibition accompanying companies, conference, bilateral meetings and signing notes of understanding, as well as cultural offers.

The event will witness the organization of bilateral meetings between governmental and private agencies from the two countries, which contributes to the conclusion of partnerships, signing agreements and memoranda of understanding, enhancing integration, exchanging knowledge and experiences and discussing new investment opportunities.

The UAE -Kuwaiti week highlights investment opportunities in several sectors that include energy, renewable energy, health care, real estate development, logistical services, transportation, tourism and hospitality, as well as promoting and developing trade in the field of chemicals, jewelry, precious minerals, iron minerals “steel”, food and financial services.

The accompanying exhibition represents a platform for ministries, official institutions, small and medium enterprises and companies, with the aim of displaying projects and exchanging experiences in the areas of government services development.

A set of cultural, artistic and heritage shows will also be organized, and includes a review of traditional arts and distinctive handicrafts for both countries.

It is noteworthy that the volume of non -oil trade exchange between the two brotherly countries amounted to more than 12.4 billion dollars “47 billion dirhams” in the year 2023, a growth of 4% compared to the year 2022 and 19% compared to 2021 and is expected to exceed 13 billion dollars during 2024.

The UAE is ranked first in the world as the largest future for Kuwait’s non -oil exports, with 22% of Kuwaiti exports to the world, and at the same time the UAE comes in third place for the most important Kuwaiti import markets after China and the United States.

On the other hand, Kuwait is ranked 12th for the most important Emirates trading partners during 2023 and the third in the Gulf after Saudi Arabia and the Sultanate of Oman, and ranked 9th in Emirati non -oil exports and the sixth rank in re -export.

The volume of investments flowing from the UAE to Kuwait amounted to about 1.087 billion dollars, while the investments flowing from the State of Kuwait to the UAE amounted to about 3.9 billion dollars.

In the tourism field, the number of Kuwaiti tourists who stayed in state hotels in 2023 reached more than 381 thousand tourists compared to 250 thousand tourists in 2022, while the number of Emirati tourists in Kuwait reached 42 thousand and 236 tourists during the period from January to September 2024.

The number of flights for national carriers to the State of Kuwait reached 122 flights per week, while the total Kuwaiti carriers to the Emirates reached 53 flights per week.

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