Page 316 - MOE ENGLISH PR REPORT - JANUARY 2025

1/31/25, 1:16 PM UAE-Kuwait Week To Launch In Dubai On February 3 | Pakistan Point
Non-oil trade between the UAE and Kuwait exceeded US$12.4 billion (AED 47 billion) in 2023,
representing 4 percent annual growth compared to 2022 and 19 percent compared to 2021.
Non-oil trade is expected to exceed US$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 percent 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 UAE’s 12th 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 US$1.087 billion, while Kuwaiti investments in
the UAE reached US$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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