Page 277 - MOE ENGLISH PR REPORT - JANUARY 2025

The UAE-Kuwait Week is expected to open new avenues for bilateral cooperation in sectors such as
renewable energy, logistics, healthcare, and financial services. It also aims to stimulate growth in
trade for key goods, including chemicals, metals, jewelry, and food products, aligning with the
UAE’s We the UAE 2031 Vision and Kuwait’s Vision 2035.

In addition, a dedicated exhibition will provide SMEs, government entities, and major corporations
with an opportunity to showcase their projects, exchange expertise, and promote innovative
solutions. Complementing the business agenda, the exhibition will celebrate the rich cultural
heritage of both nations through traditional performances, artisan displays, and interactive cultural
experiences.

Non-oil trade between the UAE and Kuwait exceeded US$12.4 billion (AED 47 billion) in 2023,
representing 4 percent annual growth compared to 2022 and 19 percent compared to 2021. Non-oil
trade is expected to exceed US$13 billion in 2024. The event will also highlight significant
investment flows between the two nations. The UAE remains Kuwait’s top global destination for
non-oil exports, accounting for 22 percent of Kuwait’s global exports, and the third most important
Kuwaiti import market after China and the United States. On the other hand, Kuwait ranked as the
UAE’s 12th most important trading partner during 2023 and third in the Gulf after Saudi Arabia and
Oman, it ranks 9th in non-oil UAE exports and 6th in re-exports.

UAE investments in Kuwait currently total US$1.087 billion, while Kuwaiti investments in the UAE
reached US$3.9 billion. The UAE and Kuwait have seen notable growth in tourism flows. In 2023,
over 381,000 Kuwaiti tourists visited the UAE, compared to 250,00 in 2022. Emirati visitors to Kuwait
totaled over 42,236 between January and September 2024. The strong connectivity between the
two nations is underscored by over 122 weekly flights operated by national carriers, while the total
number of flights of Kuwaiti carriers to the UAE reached 53 flights per week.

https://www.wam.ae/en/article/bhunn2g-uae-kuwait-week-launch-dubai-february