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Press Dossier    By Date   24/04/2024 'UAE Companies Investment Meet' aims to unlock Kuwait potential

Kuwait Times, Wed, Apr 24, 2024 | Shawwal 15, 1445

'UAE Companies Investment Meet' aims to unlock Kuwait potential

Kuwait: The embassy of the United Arab Emirates in Kuwait held a press conference, on Monday, to announce the launch of the “UAE Companies Investment Meet” titled “Unlocking Kuwait’s Potential.” The event will take place from April 28 to 29 at the Regency Hotel. Speaking at the conference, Matar Hamed Al-Neyadi, UAE Ambassador to Kuwait, announced that the event will be under the patronage of Kuwait Prime Minister-designate Sheikh Ahmad Al-Abdullah Al-Ahmad Al-Sabah, and in the presence of Dr. Thani Ahmed Al-Zeyoudi, Minister of Foreign Trade of UAE, the Federation of UAE Chambers of Commerce & Industry and the UAE International Investors Council.

The ambassador revealed that 20 Emirati companies will participate in the exhibition in partnership with the Kuwait Direct Investment Promotion Authority, Public Authority for Industry, Public Authority of Manpower, and Union of Investment Companies, noting that the exhibition is accompanied by a forum aimed at reviewing the capabilities of the participating companies.

He added “The event marks the inaugural gathering of its kind in Kuwait, with prominent Emirati government and private enterprises in different sectors such as food security, transportation, and infrastructure slated to participate. Reflecting a staunch belief in the Kuwaiti market’s significance, the exhibition aims to facilitate meetings between Emirati companies and Kuwaiti investors, fostering potential partnerships and cooperation ventures.

Both during the exhibition and in dedicated B2B sessions, the event will explore avenues for collaboration, bolstering the private sectors of both nations and leveraging investment potentials within the region.” Initiated by the Kuwait Investment Promotion Authority, the event underscores the mutual eagerness of both countries to exchange expertise and drive investments forward.

Ambassador Neyadi stated that participating companies span various domains, including food security, an area of keen interest for Kuwait, alongside entities specializing in cutting-edge fields like artificial intelligence, emphasizing the strategic importance of AI investment in fostering innovation and national development. In a bid to encourage widespread participation and engagement, the ambassador extends a cordial invitation to all businessmen, urging them to seize the opportunity to interface with leading Emirati enterprises and explore potential avenues for collaboration.

In his turn, Chairman of the Union of Investment Companies, Saleh Al-Selmi expressed his anticipation for the upcoming exhibition, emphasizing its significance as an investment opportunity for Emirati companies and institutions. He conveyed gratitude to the ambassador for facilitating this opportunity, highlighting its potential to strengthen and deepen the historical ties between Kuwait and the Emirates. He emphasized the exhibition’s role in fostering cooperation and development in the Kuwaiti market, noting its distinction as the first of its kind and its potential to stimulate bilateral ties between the two nations.

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