Under the patronage of His Highness Sheikh Mohammed bin Rashid Al Maktoum, Vice President and Prime Minister of the UAE and Ruler of Dubai, may God bless him, Her Highness Sheikha Latifa bint Mohammed bin Rashid Al Maktoum, President of the Culture and Arts Authority in Dubai, witnessed yesterday in the Emirates Towers, the launch of the UAE Week Al -Kuwaiti »organized by the Ministry of Economy, in partnership with the Dubai Culture and Arts Authority, and Dubai Chambers, in cooperation with the General Consulate of the State of Kuwait, at a time when the Minister of State for Foreign Trade, Dr. Thani bin Ahmed Al -Zyoudi, revealed that the value of non -oil -oil trade amounted to about 50 billion dirhams By the end of 2024, a growth of 9% compared to the previous year.
In his opening speech at the beginning of the activities of the “Emirati -Kuwaiti Week”, the Minister of State for Foreign Trade, Dr. Thani bin Ahmed Al -Zyoudi, stressed the importance of the event as a platform for building more long -term partnerships between the business community on both sides, and the consolidation of strategic relations between the two brotherly countries, as part of their efforts to achieve Comprehensive development and mutual interests in all sectors, in implementation of the advisory vision of the two countries, led by His Highness Sheikh Mohammed bin Zayed Al Nahyan, President of the State, may God protect him, and his brother His Highness Sheikh Mishaal Al -Ahmad Al -Jaber Al -Sabah, Emir of the sisterly State of Kuwait.
Al -Zyoudi said: “The State of Kuwait and its noble people have a special place in the heart and conscience of every Emirati. Kuwait is engraved in our land, in our hearts, and in our history .. Our relationship with Kuwait is a relationship of brotherhood, comfort and kinship).
Al -Zyoudi added: “This event is an important platform for exploring investment opportunities, stimulating mutual commercial flows, in addition to exchanging visions and ideas on the mechanisms of opening new horizons for cooperation between the two countries, and ways to develop them, by building long -term partnerships between the private sector and business community on both sides.”
He continued: «The value of our non -oil inter -trade reached about 50 billion dirhams at the end of 2024, with a growth of 9% compared to the previous year, while mutual investments amounted to 20 billion dirhams by the end of 2022.
For his part, Ziad Al -Najim, Undersecretary of the Ministry of Trade in Kuwait, said: “Kuwaiti investments in the UAE are witnessing a remarkable prosperity, as the Kuwaiti private sector sought to benefit from the opportunities emerging in the UAE market since the last century, especially in the fields of real estate, financial services, investments and tourism, As a result, the establishment of the first Kuwaiti business council in the region under the umbrella of the Dubai Chamber nine years ago. On the other hand, Emirati investments in Kuwait contribute to supporting economic growth, especially in the sectors of maritime and air transport, where the number of flights is 122 trips per week, which ensures the continuity of integration between the economy of the two brotherly countries.
He stressed that the Kuwaiti -Emirati trade relations are an example to follow the Arab integration that brings together the two brotherly countries to achieve the common interests that history is witnessing between Kuwait and the Emirates that extends for more than 150 years.
In the same context, the Director General of Dubai Chambers, Mohamed Ali Rashid Lootah said: “We are keen to support the growth of Kuwaiti investors in Dubai, where 145 Kuwaiti companies joined the Dubai Chamber of Commerce membership in 2024, bringing the total number of active Kuwaiti companies registered in the room membership. To 776 companies by the end of last year, with a growth of 5.6% compared to 2023 ».
Lootah called on Kuwaiti digital startups wishing to present their innovations to the world, and to communicate with international investors to participate in the “Expand North Star 2025” exhibition hosted by the Dubai Digital Economy Chamber next October, and is considered the largest gathering of startups and investors in the world.
The “Emirati Kuwaiti Week” aims to enhance economic and cultural ties between the two countries, while the exhibition accompanying this event brings together more than 25 entities, and also includes cultural and heritage shows that include traditional arts and handicrafts. The event includes a series of activities and events, the most prominent of which is the conference in which a group of experts and officials participate in a series of discussion sessions aimed at exploring promising investment opportunities.
. 145 Kuwaiti companies joined the Dubai Chamber of Commerce membership in 2024.
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