Wednesday, February 5, 2025
The Kuwaiti-Emirati Week formally commenced right this moment, Monday, marking a big occasion designed to strengthen the connection between the State of Kuwait and the United Arab Emirates (UAE). This initiative gives a invaluable platform to deepen financial and cultural connections whereas celebrating the long-standing historic ties between the 2 nations. Held underneath the patronage of Sheikh Mohammed bin Rashid Al Maktoum, UAE Vice President, Prime Minister, and Ruler of Dubai, the week in Dubai affords an opportunity to discover new collaborative alternatives, change progressive concepts, and additional improve bilateral cooperation.
The financial ties between Kuwait and the UAE have been stable for a few years, protecting varied sectors, together with commerce, funding, and power. In 2023, the 2 international locations noticed their non-oil commerce change exceed $12.4 billion, marking a 4 p.c enhance over 2022. The UAE stands as the most important recipient of Kuwait’s non-oil exports, making up 22 p.c of the whole. Moreover, the UAE is the third-largest world marketplace for Kuwaiti imports, following China and america. Tourism additionally performs a big position of their relationship, with over 381,000 Kuwaiti guests to UAE lodges in 2023, a notable enhance from the 250,000 in 2022. However, 42,000 Emirati vacationers visited Kuwait throughout the identical interval.
Air connectivity between the 2 international locations can also be sturdy, with Kuwaiti airways working 53 weekly flights to the UAE, whereas UAE carriers provide 122 weekly flights to Kuwait. Except for financial collaboration, the Kuwaiti-Emirati Week focuses on selling cultural change, that includes artwork exhibitions, performances, and workshops that showcase the shared heritage and historical past of each nations.
The 2-day Kuwaiti-Emirati Week goals to additional strengthen the strategic ties between Kuwait and the UAE, with a give attention to driving mutual progress and addressing shared priorities throughout a number of sectors. Organized by the UAE Ministry of Economic system in collaboration with Dubai Chambers, the Consulate Normal of Kuwait, and the Dubai Tradition & Arts Authority, this occasion seeks to unlock new avenues for funding, commerce, and the sharing of information and experience. This system will function bilateral conferences between key authorities and personal sector stakeholders, creating alternatives for partnership improvement, the signing of necessary agreements and memorandums of understanding, and the invention of recent funding prospects. This occasion serves as a vital step towards deepening cooperation between the 2 nations in any respect ranges.
