Page 279 - MOE ENGLISH PR REPORT - JANUARY 2025

both our economies. Whether in energy, logistics, food security, or advanced industries, we aim to
create synergies that will empower businesses and set the foundation for long-term economic
growth.”

He further emphasised the role of the private sector in driving innovation and sustainable
development, highlighting the importance of small and medium enterprises (SMEs) as the
backbone of economic diversification.

“By engaging the private sector and promoting SME collaboration, we are fostering an ecosystem
that encourages innovation, builds resilience, and delivers tangible economic benefits for both
nations. Through this joint effort, we reaffirm our commitment to nurturing opportunities that
enhance our shared prosperity.”

Al Zeyoudi highlighted the shared vision for the future between the two brotherly nations and noted
synergies between the "We the UAE 2031" and "Kuwait 2035" visions and their overarching aims to
achieve sustainable development and enhance economic prosperity right across the region. He
noted the value of non-oil trade between the UAE and Kuwait during the 11 months of 2024
amounted to Dh 45.4 billion ($ 12.4 billion), an annual growth of 7.2 per cent compared to the same
period of 2023, according to preliminary figures, while the investments flowing from the State of
Kuwait to the UAE for the beginning of 2023 amounted to close to $4 billion.

Abdulaziz Al Ghurair, Chairman of Dubai Chambers, emphasised the role of UAE-Kuwait Week in
driving bilateral economic ties to new heights. “The UAE-Kuwait Week represents a strategic
opportunity to expand trade and investment flows, creating pathways for growth in sectors such as
tourism, logistics, healthcare, and real estate. By fostering collaboration and sharing expertise, we
can unlock promising opportunities that will contribute to sustainable economic progress for both
nations.”

He added, “Dubai continues to provide Kuwaiti businesses with a gateway to regional and global
markets, supported by advanced infrastructure, a pro-business environment, and a vibrant
economy. Today, the Kuwaiti Business Council under Dubai Chambers’ umbrella actively supports
the interests of Kuwaiti companies, whose numbers have risen to 775 registered members as of
September 2024. This reflects the growing confidence of Kuwaiti businesses in Dubai’s status as a
leading hub for trade and investment.”

Khalifa Al-Ajeel, Minister of Commerce and Industry in Kuwait, emphasised the strong brotherly
relations between Kuwait and the UAE, highlighting the "We the UAE 2031" and "Kuwait 2035"
guiding visions that target sustainable development and the enhancement of economic prosperity
across the region.

Looking ahead to the "UAE-Kuwait Week" in Dubai on February 3-4, Al-Ajeel stated that the event
aims to explore new investment opportunities and strengthen joint economic cooperation. It will
focus on enhancing bilateral relations and stimulating growth in vital sectors such as tourism,
healthcare, energy, and financial services. The event underscores the commitment of both nations

https://en.aletihad.ae/news/uae/4546660/uae-kuwait-week-to-launch-in-dubai-on-february-3