UAE and Kuwait further advance trade and investment relations

His Highness the Prime Minister Sheikh Dr Mohammad Sabah Al-Salem Al-Sabah of Kuwait received at Bayan Palace, on Sunday, Minister of State for Foreign Trade Dr Thani Bin Ahmad Al-Zeyoudi and his accompanying delegation, during their visit to Kuwait. Minister of Commerce and Industry Abdullah Al-Joan and Head of the Prime Minister Diwan Abdulaziz Dakheel Al-Dakheel, attended the meeting.

The meeting explored ways to further advance trade and investment relations between the two sisterly nations to new levels of robust and sustainable strategic partnership.

Dr Al Zeyoudi said that the fraternal UAE-Kuwait relations continue their flourishing path, which has ascended to the level of a sustainable strategic partnership across all levels and in all fields, with economic, trade, and investment relations at the forefront.

Investment meet opens: The UAE Companies Investment Meet kicked off in Kuwait on Sunday under the theme “Unlocking Kuwait’s Potential”.

Organised by the UAE Embassy in collaboration with the Union of Investment Companies, the Public Authority for Industry, and the Public Authority for Manpower in Kuwait, the forum is held as part of the two countries’ commitment to strengthening joint cooperation in all fields.

In its first edition, the meet brings together a select of local, regional, and international investment companies and institutions under one roof, making it an ideal platform for exploring promising sectors and industries and unlocking key investment and commercial opportunities for UAE businesses in the Kuwaiti market.

The event was opened by Dr Matar Al Neyadi, UAE Ambassador to Kuwait, in the presence of Dr Thani Bin Ahmed Al Zeyoudi, Minister of State for Foreign Trade, Abdullah Hamad Abdullah Al-Jouaan, Minister of Commerce and Industry in Kuwait, Abdullah Mohamed Al Mazrouei, Chairman of the Federation of the UAE Chambers of Commerce and Industry (UAE Chambers), and a number of economic figures from Kuwait and UAE..

Dr Thani bin Ahmed Al Zeyoudi said in his opening speech, “At the outset, I want to express my sincere gratitude for the gracious hospitality. Kuwait holds a unique place in the hearts of all Emiratis, a bond passed down through generations. It is truly fitting that we convene for the UAE Companies Investment Meet at a time when UAE-Kuwait relations are flourishing across all sectors and endeavors.”

He added: “Our countries share a strong economic, commercial, and investment partnership. This distinguished relationship is driven by a shared commitment to continuously strengthening ties between our people, as evidenced by the ongoing exchange of fraternal visits. The most recent example was the visit of His Highness Sheikh Mishal Al-Ahmad Al-Jaber Al-Sabah, Emir of the State of Kuwait, to the UAE last March.

“The UAE and Kuwait are united by a long history of fraternal relations, social and economic ties, and the past years have witnessed a number of steps that have affirmed the commitment of the two sisterly countries to developing relations and coordination in various fields, including the formation of the UAE-Kuwait Joint Higher Committee, which works to develop and enhance bilateral relations.”

For his part, Abdullah Hamad Abdullah Al-Jouaan, said in his speech, “I am honoured to represent His Highness the Prime Minister Sheikh Dr Mohammad Sabah Al-Salem Al Sabah -the patron of the UAE Companies Investment Meet - and I would like to express my sincere thanks to the UAE Embassy for organising this exhibition and forum, and to welcome our Emirati brothers to their second home, Kuwait.”

He added, “This event comes following the state visit of His Highness the Amir of Kuwait, Sheikh Mishal Al-Ahmad Al-Jaber Al-Sabah, to the sisterly nation of the UAE to strengthen joint cooperation between the two countries in all fields, including trade and investment, as Kuwait is a strategic trade partner of the UAE.”

He stressed that these gatherings reignite the historical role of the Kuwaiti and Emirati private sectors as a bridge connecting the two nations. “They also solidify the commitment to empowering the Gulf’s private sector, transforming it into a dynamic and influential force in the region. This, in turn, will contribute to fortifying and advancing the economies of both Kuwait and the UAE across all sectors.”