Page 448 - MOE ENGLISH PR REPORT - FEBRUARY 2025 Part 2

2/18/25, 2:51 PM UAE-Kuwait Week kicks off to strengthen longstanding economic, cultural ties
one of Kuwait’s largest global trading partners.
He attributed the steady growth in trade exchange to well-planned economic policies and bilateral
cooperation. He added that Kuwait-UAE trade relations exemplify Arab integration, built on a 150-
year history of shared interests, and underscored the importance of further strengthening these ties
to support development and economic diversification in both nations.
Bilateral investments drive growth
Al Najem highlighted the expansion of Kuwaiti investments in the UAE, particularly in real estate,
services, financial investments and tourism, which led to the establishment of the first Kuwaiti
Business Council in the region under Dubai Chamber nine years ago.
He also pointed to the role of Emirati investments in Kuwait’s economic growth, particularly in the
maritime and air transport sectors, with 122 weekly flights ensuring continued economic integration.
During UAE-Kuwait Week, Al Najem added that several bilateral agreements were recently signed
within the Kuwait-UAE Joint Higher Committee, covering key sectors such as communications,
cybersecurity and information technology. A double taxation avoidance agreement was also
established to facilitate the movement of goods, services, and capital.
Kuwaiti companies expand presence in Dubai
For his part, Mohammed Ali Rashed Lootah, director general of Dubai Chambers, said that UAE-
Kuwait Week serves as a key platform for identifying bilateral opportunities. “UAE-Kuwait Week
enhances economic prospects and fosters investment and trade cooperation between the UAE and
Kuwait business communities, supporting sustainable development and creating promising
opportunities and fruitful partnerships,” he added.
Lootah reiterated Dubai Chambers’ commitment to supporting the growth of Kuwaiti investors in
Dubai, noting that 145 Kuwaiti companies joined the Dubai Chamber of Commerce in 2024,
bringing the total number of active Kuwaiti companies registered with the Chamber to 776, an
increase of 5.6 percent compared to 2023.
Lootah also invited Kuwaiti digital startups to showcase their innovations and connect with global
investors at Expand North Star 2025, the world’s largest gathering of startups and investors. Dubai
Digital Economy Chamber will host the event in October.
Read: Kuwait projects $58.9 billion revenue in draft budget for 2025-26
Bilateral meetings to drive partnerships in priority sectors
With a focus on building long-term partnerships in priority sectors, UAE-Kuwait Week will feature
numerous bilateral meetings between business leaders and private-sector officials.
An accompanying exhibition at the event features more than 25 entities representing leading
companies and SMEs, with cultural and heritage displays showcasing traditional arts and crafts.
Some of the major Kuwaiti banks and companies include the National Bank of Kuwait; Kuwait
Flour Mills and Bakeries Company; Janus Henderson; Al Hashemiya Dates Company; Kuwait
Airways, and Jazeera Airways.
UAE-Kuwait Week will also showcase inspiring SME success stories from both countries,
highlighting the factors contributing to their success. In addition, a conference will facilitate ideas
exchange and cooperation in government practices and sustainable development, focusing on
investment in key sectors such as energy, renewable energy, financial services, real estate, logistics,
transportation, tourism, hospitality, and food trade.

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