logo
Japan invites Kuwaiti entrepreneurs to explore investment opportunities

Japan invites Kuwaiti entrepreneurs to explore investment opportunities

Kuwait Times20-05-2025
Envoy highlights potential for business growth at Japan-Kuwait Business Diwaniya
KUWAIT: Kuwaiti entrepreneurs and investors are encouraged to explore business opportunities in Japan, said Japanese Ambassador to Kuwait Mukai Kenichiro on Sunday, ahead of the 'Japan-Kuwait Business Diwaniya.' Speaking to KUNA, Ambassador Mukai expressed Japan's openness to Kuwaiti business ventures, particularly through supportive visa schemes for foreign entrepreneurs, such as those available in the city of Fukuoka. 'This is a good opportunity for Kuwaiti entrepreneurs to start businesses in Japan,' he stated.
The ambassador noted that Kuwaiti cuisine received positive feedback from Japanese visitors during the ongoing Expo 2025 in Osaka, Kansai. 'This could create an opening for Kuwaiti entrepreneurs to consider launching ventures in Japan—not only in cuisine but in broader cultural sectors as well,' he added. Touching on broader economic ties, Ambassador Mukai affirmed the strength of Kuwaiti-Japanese relations. 'Our business and trade ties continue to grow, particularly as Kuwait plays a critical role in Japan's energy security through its supply of crude oil,' he remarked.
Japanese Ambassador to Kuwait Mukai Kenichiro
Al-Sayer Group CEO Mubarak Al-Sayer
During his remarks at the Diwaniya, the ambassador encouraged Kuwaiti companies to consider investments in Japanese sectors, especially in advanced technology. He highlighted such cooperation as essential in supporting Kuwait's efforts to achieve net-zero carbon emissions in the oil sector by 2050. Ambassador Mukai also noted that the Diwaniya serves as a platform to revitalize the 'Japan-Kuwait Business Committee,' praising the role of major Japanese firms—including Mitsubishi, Toshiba, JERA, and others—for their contributions to vital infrastructure projects in Kuwait such as Al-Subiya, Al-Zour, and Doha power plants. He further revealed ongoing discussions between the two countries aimed at forging a bilateral agreement for unique culinary collaborations.
For his part, Mubarak Al-Sayer, CEO of Al-Sayer Group, emphasized the company's longstanding role as a commercial bridge between Japan and Kuwait through its extensive importation of Japanese goods and brands. He called for greater support from the Japanese government to enhance cooperation across trade, education, industry, and healthcare. Al-Sayer also highlighted the potential benefits of Japanese expertise in helping Kuwait address environmental and urban development challenges through technological collaboration, paving the way for a sustainable future. He concluded by urging the Japanese government to consider granting visas on arrival for Kuwaiti citizens, a step he said would significantly boost bilateral ties. — KUNA
Orange background

Try Our AI Features

Explore what Daily8 AI can do for you:

Comments

No comments yet...

Related Articles

AEO highlights role of low-carbon methanol in energy transition
AEO highlights role of low-carbon methanol in energy transition

Kuwait Times

time2 hours ago

  • Kuwait Times

AEO highlights role of low-carbon methanol in energy transition

Jamal Al-Loughani KUWAIT: Secretary General of the Arab Energy Organization (AEO), formerly known as OAPEC, Jamal Al-Loughani affirmed the strategic importance of low-carbon methanol as a sustainable solution to reduce carbon emissions and support global climate neutrality targets. He stressed that the fuel offers viable applications in hard-to-abate sectors such as transportation and heavy industries. Speaking to KUNA on Tuesday, following the release of a new AEO study titled 'Low-Carbon Methanol and Its Role in the Energy Transition', Al-Loughani said the report comes at a crucial time as countries worldwide accelerate their shift toward clean and renewable energy sources. He noted that low-carbon methanol provides Arab states with a strategic tool to diversify their energy mix and achieve climate goals. It also opens opportunities for regional cooperation, regulatory reforms and investment frameworks that can accelerate the deployment of production technologies while ensuring both economic and environmental gains. The study, he explained, explores the technical aspects of producing low-carbon methanol, including the use of green hydrogen generated through water electrolysis powered by renewable energy, as well as carbon dioxide captured from industrial sites or bio-sources. He pointed out that global investments in the field have exceeded $10 billion as of mid-2025, with projections that this figure could double by 2030. Market forecasts suggest demand could surpass 20 million tons annually by 2035, particularly in fuel, transport, chemical and petrochemical industries. In maritime transport, Al-Loughani noted, methanol has emerged as a promising alternative to conventional fuels. Since 2023, shipping firms have introduced methanol-powered vessels, with over 200 new orders placed, underscoring growing confidence in the fuel's future. While costs remain higher than conventional methanol — ranging between $400 and $900 per ton compared to $150–250 for fossil-based methanol — Al-Loughani said this gap is narrowing thanks to government incentives, technological advancements and improved carbon pricing in regulatory markets. He underlined that AEO member states are well-positioned to capitalize on this trend, given their abundant natural resources, renewable energy potential, advanced infrastructure and strategic geographic location within global trade routes. Several states, he added, have already adopted policies and initiatives to support the development of low-carbon methanol industries, enhancing their competitiveness regionally and internationally. Al-Loughani concluded that low-carbon methanol combines environmental efficiency, technical flexibility and economic viability, making it a key pillar in the global transition toward a sustainable, low-emission energy economy. — KUNA

KOTC earns high rating for tanker performance
KOTC earns high rating for tanker performance

Kuwait Times

time2 hours ago

  • Kuwait Times

KOTC earns high rating for tanker performance

KOTC HQ KUWAIT: Kuwait Oil Tanker Company (KOTC) announced Tuesday that the Kuwaiti flag has been ranked among the high-performance categories in the latest oil tanker flag state performance list (2022–2024) issued by the Tokyo Memorandum of Understanding (MoU), a key international maritime body. In a statement to KUNA, KOTC said that 30 inspections were carried out on vessels registered under the Kuwaiti flag during the assessment period, with no detentions recorded. This, the company noted, underscores the operational excellence of KOTC, which represents the majority of Kuwait-flagged vessels. KOTC affirmed that the achievement reflects its strict adherence to the highest global standards of safety, quality, and maintenance, as well as its compliance with international maritime regulations. It added that the recognition enhances Kuwait's reputation in international maritime forums. The company also expressed pride in the accomplishment, attributing the success to the dedication and continuous efforts of its employees. It further noted that it received congratulations from the General Administration of Coast Guard, particularly its Audit and Quality Department and the Maritime Transport Department, for the outstanding performance. KOTC stressed that it remains committed to sustaining these standards to further strengthen Kuwait's standing in the global shipping and energy transport industry. — KUNA

Burgan Bank hosts ‘Bring Your Kids to Work Day'
Burgan Bank hosts ‘Bring Your Kids to Work Day'

Kuwait Times

time2 hours ago

  • Kuwait Times

Burgan Bank hosts ‘Bring Your Kids to Work Day'

KUWAIT: As part of its ongoing efforts to foster a positive, people-centered workplace, Burgan Bank hosted a special 'Bring Your Kids to Work Day' – a first of its kind initiative for the Bank. The initiative welcomed employees' children between the ages of 5 and 15 for a day filled with learning, creativity, and hands-on experiences that brought the world of banking to life. More than just a fun-filled day, the event was a reflection of Burgan Bank's dedication to employee wellbeing, family engagement, and sustainability – key pillars of its workplace culture and ESG strategy. Through immersive activities such as a simulated bank branch experience, interactive workshops on recycling, and business-minded challenges like product selling and presentation practice, young participants explored essential life skills in a playful, inspiring environment. 'At Burgan Bank, our workplace is not just about running the business, it's about belonging,' said Naqeeb Amin, General Manager – Human Resources and Development for the Group at Burgan Bank. 'Welcoming our employees' children into our corporate world is a powerful way to connect values across generations, spark curiosity, and show what purpose-driven banking looks like. This event falls within Burgan Bank's 'Teach Them Young' campaign, which aims to broaden the professional and practical horizons of adolescents and youth, while fostering a conscious and responsible generation. It also aligns with the 'Let's Be Aware' (Diraya) financial literacy and banking awareness initiative – launched by the Central Bank of Kuwait (CBK) and the Kuwait Banking Association (KBA), with the support of Kuwaiti banks– demonstrating our commitment to instilling a banking culture in young people from an early age and empowering the future generation.' Highlights of the day included a 'Junior Banker of the Day' experience, art and craft sessions, a cake design workshop, a treasure hunt across the Bank's premises, and a mini-Olympics challenge to encourage teamwork. Children also learned the basics of entrepreneurship by selling the products they made and presenting their work, all under the guidance of the Bank's dedicated team of employee volunteers aided by older children of Burgan employees. This initiative reflects Burgan Bank's deep-rooted commitment to enriching lives and fostering a people-centric culture. It aligns with the Bank's long-term objective to be a trusted, innovative, and progressive institution–driven by its people and inspiring future generations through engaging, high value-driven and purposeful experiences. Grounded in Burgan Bank's core values of trust, commitment, excellence, progression, and people-first thinking, the event also supports the Bank's ESG objectives and reinforces its position as a certified Great Place to Work. Additionally, it endorses the Bank's dedication to fostering an inclusive, engaging, and sustainable workplace – one that places people and purpose at the heart of its ecosystem.

DOWNLOAD THE APP

Get Started Now: Download the App

Ready to dive into a world of global content with local flavor? Download Daily8 app today from your preferred app store and start exploring.
app-storeplay-store