The UAE-Kuwait Economic Forum kicked off in Dubai, highlighting the robust bilateral ties between the United Arab Emirates and Kuwait and reinforcing the growing role of Gulf economic partnerships in advancing sustainable development and regional integration. Marwa Al-Jedan, Undersecretary of the Ministry of Commerce and Industry of Kuwait, emphasized that the forum reflects the deep historical and fraternal relations between the two nations and demonstrates the commitment of both leaderships to expand cooperation in trade, investment, and economic collaboration. n nSpeaking at the event, Al-Jedan stated that the forum’s launch underscores the continuous evolution of bilateral relations and aligns with strategic directives to broaden mutual interests. She noted that trade volume between Kuwait and the UAE reached approximately 14 billion dollars by the end of 2024, a clear indicator of the vitality of their economic partnership and expanding engagement between public and private sectors. n nShe also highlighted the growing human and tourism links, supported by more than 170 weekly flights connecting the two countries, reflecting strong social and economic integration between their populations. n nA key milestone discussed was the income and capital tax treaty avoidance agreement signed in February 2024, which Al-Jedan described as a pivotal step in encouraging mutual investments, improving the business environment, and fostering shared economic growth. n nThe forum serves as a strategic platform for enhancing government-private sector collaboration and identifying promising investment opportunities in critical sectors such as industry, energy, modern technologies, logistics, and advanced manufacturing. These efforts aim to accelerate economic momentum and open new pathways for deeper integration between the two economies. n nAl-Jedan reaffirmed Kuwait’s commitment to strengthening GCC cohesion, noting that sustained investment flows into the region reflect global confidence in the Gulf as a stable economic bloc capable of navigating challenges while preserving the core of joint cooperation and development. n nShe concluded by underscoring Kuwait’s dedication to the collective Gulf agenda, in line with leadership guidance, and expressed optimism for a more prosperous future for the region’s people. n— news from albayan.ae n
— News Original —nUAE-Kuwait Economic Forum Discusses Prospects for Economic, Trade, and Investment Cooperationn nDubai – Sabri Sakr and Hamad Al Ali n nToday marked the launch of the UAE-Kuwait Economic Forum in Dubai, an event reflecting the strength of bilateral relations between the United Arab Emirates and Kuwait, and affirming the growing role of Gulf economic partnerships in supporting sustainable development and enhancing regional integration. n nMarwa Al-Jedan, Undersecretary of the Ministry of Commerce and Industry of Kuwait, affirmed that the forum’s convening embodies the depth of fraternal and historical ties between the two countries, translating the leaderships’ commitment in both the UAE and Kuwait to expand horizons of economic, commercial, and investment cooperation. n nIn her speech, Al-Jedan said: “The launch of the UAE-Kuwait Economic Forum reflects the deep fraternal relations linking Kuwait and the UAE, and comes at a crucial time to confirm the continuous development of our relations and the wise leaderships’ commitment to expanding cooperation for mutual benefit.” n nShe pointed out that economic relations between the two countries have seen notable growth in recent years, with bilateral trade volume reaching about 14 billion dollars by the end of 2024, indicating the dynamism of the economic partnership and the expanding fields of cooperation between public and private sectors. n nShe added that tourism and human relations between the two countries continue to grow, supported by more than 170 weekly flights, reflecting the deep social and economic ties between the two brotherly peoples. n nAl-Jedan highlighted the income and capital tax avoidance agreement signed between the two countries in February 2024, describing it as a “pivotal milestone in stimulating investments, enhancing the business environment, and encouraging mutual economic growth.” n nShe affirmed that the forum constitutes a strategic platform to strengthen cooperation between government and private sectors, explore promising investment opportunities in vital sectors including industry, energy, modern technologies, logistics, and advanced industries, contributing to driving growth and opening new horizons for integration between the two economies. n nAl-Jedan stressed the importance of maintaining GCC unity, affirming that continued investment flows into the region reflect the world’s confidence in the Gulf as a stable economic bloc capable of managing challenges without compromising the essence of cooperation and shared development. n nShe concluded by affirming Kuwait’s commitment to continuing the joint Gulf work approach, in line with the directives of both countries’ leaderships, and striving toward a more prosperous future for the region’s peoples.