Page 295 - 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 - Middle East Business News an…
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
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.

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