UAE Ambassador to Kuwait Highlights Growing Trade Exchange in First Quarter of 2024

Dr. Matar Hamid Al Neyadi, UAE Ambassador to Kuwait, said that trade exchange between the two countries continues to grow, as its value reached approximately 12.2 billion dirhams in the first quarter of 2024.

According to preliminary data, this year is expected to see a significant growth in the number of exports and trade exchanges between the two brotherly countries. In a statement to the Emirates News Agency (WAM) on the first day of the Emirati Companies Exhibition and Forum, which began yesterday in Kuwait and ends today, Al Neyadi highlighted the competitiveness of Emirati companies ‘ like and the ability to compete in different markets. , and to meet the expectations of users and partners in the Kuwaiti market.

Al Neyadi said: “We have several Emirati companies that export to the Kuwaiti market, such as Ducab from Emirates Arkan Steel, Abu Dhabi Ports Group, and Sanad, and there are many new companies that want to enter to the Kuwaiti market. “Like food security companies and technology companies.”

Al Neyadi explained that in addition to the large presence of Emirati companies in Kuwait from various sectors, there are many Emirati exports that meet the needs of the Kuwaiti market, such as iron, cables and goods that come in and meet the requirements the infrastructure of the State. from Kuwait. Al Neyadi said that on the first day, the capabilities of the companies present at the event were presented and the entry requirements to the Kuwaiti market were reviewed through the relevant and legislative authorities in the sister State of Kuwait, looking forward to increasing this cooperation and contributing to the entry of more and more Emirati products into the Kuwaiti market.

Al Neyadi said: “The idea of ​​the event came based on the UAE Embassy’s dialogue with investors and manufacturers in the two brotherly countries. Through the exhibition, we try to have a dialogue between Emirati companies that want to enter the Kuwaiti market, with the Investment Promotion Authority in Kuwait and with the Public Authority for Industry.”