Dubai: Kuwaiti Ministry of Commerce and Industry Undersecretary Marwa Al-Juaidan stated that GCC states share firm economic integration principles that support the unified Gulf market and open wider opportunities for partnership and investment.
According to Kuwait News Agency, Al-Juaidan made her remarks at the opening of the Emirati-Kuwaiti Economic Forum in Dubai, which is part of the “UAE and Kuwait… Brothers Forever” week. She emphasized that sustained investment inflows reflect global confidence in the GCC as a stable and resilient economic bloc.
Al-Juaidan mentioned that the forum signifies the growing strength of Kuwaiti-UAE relations and the commitment of both leaderships to expand cooperation in support of mutual interests and sustainable development. She highlighted that bilateral trade between Kuwait and the UAE reached approximately USD 13.6 billion by the end of 2024, underlining the vitality of the economic partnership between the two countries.
She further noted that tourism ties continue to grow, with more than 170 weekly flights between the two countries, showcasing strong social and human links. Al-Juaidan also pointed out the significance of the double taxation avoidance agreement on income and capital, signed on February 11, 2024, as a milestone that enhances the business environment and boosts investor confidence.
Additionally, Al-Juaidan remarked that the forum offers a strategic platform to strengthen public-private partnerships and explore investment opportunities in various sectors, including industry, energy, technology, logistics, and tourism. She reaffirmed Kuwait’s commitment to continuing this cooperation, aligning with the directives of the leaderships of both countries, aiming for a more prosperous future for the two peoples, the GCC, and the Arab region.