Page 297 - 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 : GoDubai.com
Jointly organized by the UAE Ministry of Economy and Dubai Chambers, in collaboration with the Kuwaiti Consulate
General and Dubai Culture & Arts Authority, the event will act as a dynamic platform for businesses, policymakers,
and industry leaders to exchange insights, explore investments, and strengthen bilateral trade relations.

HE Dr. Thani Al Zeyoudi, UAE Minister of State for Foreign Trade, underscored the significance of the UAE-
Kuwait Week as a key milestone in advancing bilateral economic cooperation and fostering strategic partnerships
“The UAE and Kuwait share a deep-rooted relationship, driven by our leadership's shared vision for sustainable

growth and mutual prosperity. This event serves as a vital platform to identify opportunities, foster partnerships, and
unlock the potential of key sectors such that are central to 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 emphasized 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 our nations. Through this joint effort, we reaffirm
our commitment to nurturing opportunities that enhance our shared prosperity.”

HE 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 AED 45.4 billion ($ 12.4 billion), an annual growth of

7.2% 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.

HE Abdulaziz Al Ghurair, Chairman of Dubai Chambers, emphasized 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.”

His Excellency Khalifa Al-Ajeel, Minister of Commerce and Industry in Kuwait, emphasized 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.

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