Latest news with #KuwaitChamberof
Arab Times
21-05-2025
- Business
- Arab Times
Kuwait-Spain talks focus on economic growth
KUWAIT CITY, May 21: Kuwait Chamber of Commerce and Industry (KCCI) on Tuesday welcomed a highlevel trade delegation from Spain, led by Spanish Secretary for Trade Amparo López Senovilla. Spanish Ambassador to Kuwait Manuel Hernández Gamayo, Undersecretary of the Kuwaiti Ministry of Finance Aseel Al-Munifi and several business leaders in Kuwait and Spain also attended the meeting. At the beginning of the meeting, KCCI expressed appreciation for the visiting delegation; stressing the importance of the visit as part of the Kuwaiti-Spanish Joint Economic Committee meetings. The event marks a continuation of the collaborative efforts to deepen economic ties and explore new avenues of partnership between the two friendly nations. KCCI affirmed the strong and longstanding economic relationship between Kuwait and Spain, indicating that Spain is among Kuwait's major trading partners in the European Union (EU). It added that bilateral trade recently surpassed $1 billion, a testament to the growing commercial exchange between the two countries. Spanish exports to Kuwait include machinery, industrial equipment, ceramics, chemical products, and internationally renowned fashion brands. Recently, the sports sector emerged as a new area of exchange, particularly with the expansion of the Rafael Nadal Tennis Academy to Kuwait -- its first branch outside of Spain. On the investment front, Kuwait's ventures in Spain demonstrate high confidence in Spanish sectors; such as finance, tourism and energy. Spanish engineering firms have also played a critical role in major infrastructure projects in Kuwait, including the Gamal Abdel Nasser Highway and Kuwait International Airport expansion. KCCI emphasized that these achievements reflect mutual trust and serve as a foundation for even greater cooperation. With Kuwait actively pursuing economic diversification and Spain expanding its global reach, the visit offers a strategic opportunity to enhance collaboration in sectors like energy transition, innovation, tourism and logistics. It reiterated its readiness to serve as the main facilitator for these efforts by promoting dialogue, eliminating barriers, and supporting partnerships that generate long-term economic value. Meanwhile, Al-Munifi urged investors from both countries to build joint ventures in a wide range of sectors; including transportation, construction, healthcare and technology. She pointed out the active presence of Spanish companies in Kuwait and confirmed the commitment of the Finance Ministry to support them and address any challenges they might face. Senovilla commended the excellent bilateral relations, emphasizing Spain's strategic geographic position as a gateway to European markets. She called for further trade cooperation; particularly in the fields of healthcare, building materials, transportation and education. Gamayo echoed these sentiments, praising the historical friendship between the two countries and reaffirming Spain's commitment to advancing bilateral relations. Jaime Montalvo, Director of International Affairs at the Spanish Chamber of Commerce, affirmed the role of the Joint Economic Committee in fostering deeper collaboration. He said Spain is focusing on the development of small and medium enterprises (SMEs) as a vital area for joint growth.
Arab Times
13-05-2025
- Business
- Arab Times
Significant increase in Kuwait exports to the Maldives
KUWAIT CITY, May 13: Kuwait Chamber of Commerce and Industry (KCCI) received a delegation from the Republic of Maldives, led by the Minister of Foreign Affairs Dr. Abdulla Khalil on Tuesday, May 13 in the presence of several Kuwaiti business owners. According to a press release issued by KCCI, the meeting began with KCCI expressing its appreciation for the delegation's visit, as it underscores the growing ties between Kuwait and the Maldives, founded on friendship, mutual respect, and shared aspirations for economic and cultural cooperation. It explained that the trade relations between the two countries have significantly strengthened over the past decade, with a notable increase in Kuwaiti exports to the Maldives. The partnership between the two countries is further strengthened by their distinct strengths, particularly the excellence of Maldivian companies in the tourism and maritime industries, which attract the interest of Kuwaiti investors. At the same time, Kuwaiti companies excel in sectors such as finance, logistics, healthcare, and energy, providing a solid foundation for productive cooperation and investment. Meanwhile, Maldives Foreign Minister Dr. Abdulla Khalil outlined the most prominent investment opportunities available in his country, mainly in sectors such as tourism, investment, alternative energy, logistics, ports, housing cities, agriculture, and fisheries.
Kuwait News Agency
13-05-2025
- Business
- Kuwait News Agency
Kuwait, Maldives boost trade ties
KUWAIT, May 13 (KUNA) -- Kuwait Chamber of Commerce and Industry affirmed on Tuesday that trade relations with the Maldives have significantly expanded, with Kuwaiti exports to the Maldives rising notably over the past ten years. In a press statement marking the visit of the Maldivian delegation led by Foreign Minister Dr. Abdullah Khaleel and several businesspeople, the Chamber noted that the visit reflects growing ties based on friendship, mutual respect, and shared goals for economic and cultural cooperation. The Chamber noted that the partnership benefits from each country's strengths, the Maldivian companies lead in tourism and marine industries, and Kuwaiti expertise in finance, logistics, healthcare, and energy, creating strong opportunities for mutual investments. Dr. Khaleel outlined key investment opportunities in tourism, renewable energy, logistics, ports, housing, agriculture, and fisheries. (end)
Zawya
17-04-2025
- Business
- Zawya
Kuwait, Kazakhstan to strengthen trade ties with focus on livestock and cargo
KUWAIT CITY - The Kuwait Chamber of Commerce and Industry (KCCI) emphasized on Tuesday the importance of enhancing cargo transport operations with Kazakhstan, particularly in the livestock sector, due to its vital role in securing new sources and strengthening food security. This came in a press statement issued by the Chamber following a meeting with Kazakhstan's Deputy Prime Minister and Minister of Foreign Affairs, Murat Nurtaliu, and his accompanying delegation at the KCCI headquarters. The meeting was also attended by the Kazakh Ambassador to Kuwait, Azamat Berdybay. The Chamber praised Kazakhstan's notable economic growth and development, noting that the country is rich in natural resources such as oil, gas, minerals, livestock, and agricultural products. It also expressed its willingness to strengthen cooperation with its Kazakh counterpart by renewing the joint cooperation agreement, welcoming economic delegations, and organizing bilateral meetings between the business sectors of both countries. The statement quoted Minister Nurtaliu as saying that the visit reflects the shared commitment of the two friendly nations to deepen their economic ties. He highlighted Kazakhstan's significant commercial potential, citing its strategic geographic location as a vital link between the Gulf Cooperation Council (GCC) countries, Russia, and China. Nurtaliu noted that 85 percent of goods transported from East Asia to Africa and Europe pass through Kazakhstan. He added that the country offers an investor-friendly environment with laws and incentives aligned with international standards, including tax exemptions, affordable land, and well-developed infrastructure. He also mentioned the Kazakh government's efforts to improve the business climate, particularly by digitizing 95 percent of government services. He invited Kuwaiti businesses to explore investment opportunities in various sectors such as tourism, agricultural and food processing, the digital economy, telecommunications, and information systems—especially since Kuwaiti citizens are exempt from entry visa requirements.
Arab Times
16-04-2025
- Business
- Arab Times
Kuwait, Kazakhstan to strengthen trade ties with focus on livestock and cargo
KUWAIT CITY, April 16: The Kuwait Chamber of Commerce and Industry (KCCI) emphasized on Tuesday the importance of enhancing cargo transport operations with Kazakhstan, particularly in the livestock sector, due to its vital role in securing new sources and strengthening food security. This came in a press statement issued by the Chamber following a meeting with Kazakhstan's Deputy Prime Minister and Minister of Foreign Affairs, Murat Nurtaliu, and his accompanying delegation at the KCCI headquarters. The meeting was also attended by the Kazakh Ambassador to Kuwait, Azamat Berdybay. The Chamber praised Kazakhstan's notable economic growth and development, noting that the country is rich in natural resources such as oil, gas, minerals, livestock, and agricultural products. It also expressed its willingness to strengthen cooperation with its Kazakh counterpart by renewing the joint cooperation agreement, welcoming economic delegations, and organizing bilateral meetings between the business sectors of both countries. The statement quoted Minister Nurtaliu as saying that the visit reflects the shared commitment of the two friendly nations to deepen their economic ties. He highlighted Kazakhstan's significant commercial potential, citing its strategic geographic location as a vital link between the Gulf Cooperation Council (GCC) countries, Russia, and China. Nurtaliu noted that 85 percent of goods transported from East Asia to Africa and Europe pass through Kazakhstan. He added that the country offers an investor-friendly environment with laws and incentives aligned with international standards, including tax exemptions, affordable land, and well-developed infrastructure. He also mentioned the Kazakh government's efforts to improve the business climate, particularly by digitizing 95 percent of government services. He invited Kuwaiti businesses to explore investment opportunities in various sectors such as tourism, agricultural and food processing, the digital economy, telecommunications, and information systems—especially since Kuwaiti citizens are exempt from entry visa requirements.
