Page 313 - MOE ENGLISH PR REPORT - JANUARY 2025
P. 313

1/31/25, 1:16 PM                              UAE-Kuwait Week 2025: Strengthening economic ties
        Dr. Thani Al Zeyoudi, Minister of State for Foreign Trade, remarked, “This event reflects the UAE and
        Kuwait’s shared vision for sustainable growth and prosperity, empowering SMEs and fostering innovation

        across key industries.”

        With non-oil trade between the two nations reaching US$12.4 billion (AED 45.4 billion) in 2023, this

        figure is expected to surpass US$13 billion in 2024. Notably, Kuwait ranks as the UAE’s 12th most
        significant trading partner, contributing to regional economic diversification.


        Key highlights of the event include:

        • Business-to-business meetings to strengthen partnerships between private and government sectors.

        • Panel discussions on investment potential in renewable energy, healthcare, and logistics.


        • Exhibitions showcasing SMEs, government projects, and cultural heritage through traditional
        performances and artisan displays.


        Abdulazis Al Ghurair, Chairman of Dubai Chambers, emphasised the importance of the private sector in
        deepening UAE-Kuwait ties, adding, “Dubai offers a pro-business environment and serves as a gateway

        to global markets for Kuwaiti businesses.”



        Also Read: Dubai AI Seal launched to verify AI service providers



        Tourism has also flourished, with 381,000 Kuwaiti tourists visiting the UAE in 2023, a 52% increase
        from 2022, further supported by 122 weekly flights between the two nations.


        UAE-Kuwait Week underscores a commitment to sustainable development, leveraging shared goals
        outlined in the We the UAE 2031 Vision and Kuwait Vision 2035.


































      https://thebrewnews.com/thebrew-news/uae/uae-kuwait-week-economic-ties/                                       2/2
   308   309   310   311   312   313   314   315   316   317   318