UAE seeks investment in Kuwait
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The positive nature of UAE and Kuwait relations, reflects the shared determination of both leaderships to catalyze growth and support each other’s economic development.
As both counties enjoy a long-term economic partnership and this visit is an important opportunity to both restate its value and seek to increase private-sector collaboration in priority sectors. The UAE Companies Investment Meet provides a key platform to build the networks, and identify the opportunities, that can deliver mutually beneficial results in the months and years to come
UAE is the 3rd largest investor in Kuwait’s economy accounting for 6% of total investments in 2022 at a value of more than AED3.3 billion. In turn, Kuwait is the tenth largest investor in the UAE with a total investment value of AED13.2 billion by the close of 2021.
His Excellency Abdullah Al Jawaan welcomed the UAE delegation, and said in a statement that the growth of bilateral trade between the two countries refl ected the strength and diversity of the economic relations between the two nations, which continues to evolve. The UAE Companies Investment meet, Al Jawaan noted, will boost bilateral trade ties, facilitate successful investment agreements, and enhance the exchange of ideas and expertise.
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