Page 287 - MOE ENGLISH PR REPORT - JANUARY 2025

1/31/25, 1:13 PM UAE-Kuwait Week To Launch Next February In Dubai Under The Auspices Of Mohammed Bin Rashid
will provide a platform for identifying opportunities, addressing challenges, and expanding

collaboration in strategic areas.

The event will also showcase success stories, highlighting the achievements of small and

medium-sized enterprises (SMEs) and exploring pathways for collaboration in emerging
industries. By sharing these success narratives, the program will underline the critical role of

SMEs as drivers of innovation and growth.

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.

Cultural Activities:

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.

Strengthening Bilateral Ties:

Non-oil trade between the UAE and Kuwait exceeded $12.4 billion (AED 47 billion) in 2023,

representing 4% annual growth compared to 2022 and 19% compared to 2021. Non-oil trade

is expected to exceed $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% 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
th
UAE's 12 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 $1.087 billion, while Kuwaiti investments in the UAE

reached $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

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