Kuwait-UAE economic partnership took center stage during a recent seminar in Abu Dhabi, where both nations reaffirmed their deep-rooted collaboration. Kuwaiti Ambassador to the UAE, Jamal Al-Ghunaim, emphasized the steady growth in trade and investment exchanges across vital sectors. These include real estate, energy, innovation, and modern technology.
The event, titled “The Nature of Economic Relations Between the UAE and Kuwait,” was hosted by the Emirates Center for Strategic Studies and Research. It focused on exploring ways to boost bilateral economic cooperation within the GCC framework. Ambassador Al-Ghunaim highlighted that Kuwait-UAE economic partnership reflects a genuine commitment to building lasting economic alliances.
He noted that joint investments and commercial activity have witnessed consistent expansion, pointing to the UAE’s strong presence in the Kuwaiti market and vice versa. Furthermore, Kuwaiti investments in the UAE have surged, especially in real estate, finance, and retail.
Ambassador Al-Ghunaim reaffirmed Kuwait’s readiness to provide an enabling environment for strategic partnerships. He also urged more collaboration between business leaders and investors in both nations. He called for new avenues of cooperation, particularly in line with Kuwait Vision 2035.
“With fast-moving global changes, the Kuwait-UAE economic partnership remains a vital tool to shape a shared future,” he added. This sentiment echoed throughout the discussions.
UAE Ambassador to Kuwait, Dr. Matar Al-Neyadi, confirmed that bilateral ties are rapidly growing. He revealed that trade volume hit 49.7 billion dirhams ($13.53 billion) by the end of 2024, marking an 8.8% annual rise. During Q1 of 2025, trade reached 10.2 billion dirhams ($2.78 billion).
He encouraged private and semi-governmental sectors to seize current opportunities. Sectors identified for cooperation include food security, healthcare, telecommunications, artificial intelligence, defense industries, energy, and logistics.
Dr. Abdulaziz Al-Asimi, a former Ministry of Finance official, described the Kuwait-UAE economic partnership as a model for mutual benefit. He stressed that successful economic dialogue must always align with shared interests.
Overall, the Kuwait-UAE economic partnership continues to stand as a strong foundation for mutual growth and strategic collaboration across all sectors. As both countries look forward, this Kuwait-UAE economic partnership is poised to deepen even further.
