Saudi Arabia and Kuwait are facing new economic aspirations and trade exchanges of more than $ 2 billion



Great expectations expected with the visit of the crown prince to Kuwait sister

Saudi Arabia and Kuwait are facing new economic aspirations and trade exchanges of more than two billion dollars

The Saudi Kuwaiti relationship is an ideal model for a relationship that has transcended the concept of cooperation between neighboring countries. Riyadh and Kuwait share the strategic relations between the two countries with regional and international issues through consensus in the visions and policies on these issues, Strengthened by blood, inheritance and common destiny.

Saudi Arabia and Kuwait have always been keen to continually strengthen the relationship by building on the principles of co-ordination, cooperation and continuous consultation on new regional and international issues and issues, which fully address all resolutions of the two countries. countries on issues and topics of common interest.

This relationship reflects the depth of the solid relations between the two countries on the basis of a strong and shared will to bring them to a broader cooperation and joint action for the benefit of the two countries and the interests of the Gulf Cooperation Council (GCC), and to improve their ability to maintain their safety and stability and to protect their performance and interests. Where the strong and strategic relations between Saudi Arabia and Kuwait are based on consistent foundations for regional and global issues The relationship between Riyadh and Kuwait is a cornerstone of collective security in the Gulf Cooperation Council and Arab national security, Bilateral relations between the two countries are well established and deep, so that the leaders of the two countries will develop and prosper in all areas in the future.

Economic relations between Saudi Arabia and Kuwait are facing a new phase of development and growth, at a time when the Saudi Council of Ministers approved the minutes of the establishment of the Saudi Kuwaiti Coordination Council.

According to the decision issued, the Minister of Foreign Affairs was authorized by the Saudi Party President in the Saudi Kuwaiti Coordination Council to sign the form of the minutes mentioned in the resolution.

The coordinating councils with which Saudi Arabia has cooperated with a number of Gulf, Arab and international countries are a model for mutual coordination, development of trade relations and a broader horizon for economic growth.

As regards economic relations between Saudi Arabia and Kuwait, statistics show that trade exchanges between the two countries have grown remarkably in recent years. The volume of trade exchanges in 2001 was around 1.9 billion riyals ($ 506 million) before the end of 2015. Levels of 8.2 billion riyals ($ 2.2 billion), a growth rate of 331.5 per cent.

The Saudi and Kuwaiti Chambers of Commerce have confirmed their willingness to strengthen trade and investment relations by setting up joint projects in addition to achieving economic integration between the two countries. The Chamber of Commerce and Industry of Kuwait held the Kuwait-Saudi Economic Forum in the presence of a number of business people from both countries.

These developments come at a time when the Saudi economy (the largest in the Middle East) has achieved positive growth in the actual translation of the feasibility of economic reforms that diversify the economy and reduce dependence on oil.

Since the establishment of the Cooperation Council for the Arab Gulf States in the month of Rajab in 1401 AH, the two fraternal countries (Saudi Arabia and Kuwait) have combined more than one common Gulf Agreement. The most important of these agreements is the joint economic agreement between the GCC states signed between the member states of the Council in the month of Shaaban in 1401 AH.

The economic agreement followed another economic performance, which was achieved at the foundation of the Gulf Investment Corporation in the month of Muharram in 1404 AH, in addition to the major Saudi Kuwaiti joint ventures.

In turn, the chairman of the Chamber of Commerce and Industry of Kuwait Ali Al-Ghanim said in previous press statements that the development steps and achievements of Saudi Arabia and the success of establishing a strong and balanced economic structure in the context of a comprehensive future vision to reflect the admiration of all in Kuwait. He pointed out that the Saudi brothers are not less well informed about Kuwaitis with the fundamental and distinctive features of the Kuwaiti economy, with its national human capacities, advanced trade, advanced infrastructure, institutionalized institutions, a strong and widespread banking sector, advanced financial market and fair justice.

Al-Ghanim added that Saudi Arabia is Kuwait's second trading partner. The volume of trade exchanges between the two countries reached approximately US $ 2,216 billion in 2016.

30 September 2018 – 20 Muharram 1440 The time now is 09:41 PM

Great expectations expected with the visit of the crown prince to Kuwait sister

Saudi Arabia and Kuwait are facing new economic aspirations and trade exchanges of more than two billion dollars

The Saudi Kuwaiti relationship is an ideal model for a relationship that has transcended the concept of cooperation between neighboring countries. Riyadh and Kuwait share the strategic relations between the two countries with regional and international issues through consensus in the visions and policies on these issues, Strengthened by blood, inheritance and common destiny.

Saudi Arabia and Kuwait have always been keen to continually strengthen the relationship by building on the principles of co-ordination, cooperation and continuous consultation on new regional and international issues and issues, which fully address all resolutions of the two countries. countries on issues and topics of common interest.

This relationship reflects the depth of the solid relations between the two countries on the basis of a strong and shared will to bring them to a broader cooperation and joint action for the benefit of the two countries and the interests of the Gulf Cooperation Council (GCC), and to improve their ability to maintain their safety and stability and to protect their performance and interests. Where the strong and strategic relations between Saudi Arabia and Kuwait are based on consistent foundations for regional and global issues The relationship between Riyadh and Kuwait is a cornerstone of collective security in the Gulf Cooperation Council and Arab national security, Bilateral relations between the two countries are well established and deep, so that the leaders of the two countries will develop and thrive in all areas in the future.

Economic relations between Saudi Arabia and Kuwait are facing a new phase of development and growth, at a time when the Saudi Council of Ministers approved the minutes of the establishment of the Saudi Kuwaiti Coordination Council.

According to the decision issued, the Minister of Foreign Affairs was authorized by the Saudi Party President in the Saudi Kuwaiti Coordination Council to sign the form of the minutes mentioned in the resolution.

The coordinating councils with which Saudi Arabia has cooperated with a number of Gulf, Arab and international countries are a model for mutual coordination, development of trade relations and a broader horizon for economic growth.

As regards economic relations between Saudi Arabia and Kuwait, statistics show that trade exchanges between the two countries have grown remarkably in recent years. The volume of trade exchanges in 2001 was around 1.9 billion riyals ($ 506 million) before the end of 2015. Levels of 8.2 billion riyals ($ 2.2 billion), a growth rate of 331.5 per cent.

The Saudi and Kuwaiti Chambers of Commerce have confirmed their willingness to strengthen trade and investment relations by setting up joint projects in addition to achieving economic integration between the two countries. The Chamber of Commerce and Industry of Kuwait held the Kuwait-Saudi Economic Forum in the presence of a number of business people from both countries.

These developments come at a time when the Saudi economy (the largest in the Middle East) has achieved positive growth in the actual translation of the feasibility of economic reforms that diversify the economy and reduce dependence on oil.

Since the establishment of the Cooperation Council for the Arab Gulf States in the month of Rajab in 1401 AH, the two fraternal countries (Saudi Arabia and Kuwait) have combined more than one common Gulf Agreement. The most important of these agreements is the joint economic agreement between the GCC states signed between the member states of the Council in the month of Shaaban in 1401 AH.

The economic agreement followed another economic performance, which was achieved at the foundation of the Gulf Investment Corporation in the month of Muharram in 1404 AH, in addition to the major Saudi Kuwaiti joint ventures.

In turn, the chairman of the Chamber of Commerce and Industry of Kuwait Ali Al-Ghanim said in previous press statements that the development steps and achievements of Saudi Arabia and the success of establishing a strong and balanced economic structure in the context of a comprehensive future vision to reflect the admiration of all in Kuwait. He pointed out that the Saudi brothers are not less well informed about Kuwaitis with the fundamental and distinctive features of the Kuwaiti economy, with its national human capacities, advanced trade, advanced infrastructure, institutionalized institutions, a strong and widespread banking sector, advanced financial market and fair justice.

Al-Ghanim added that Saudi Arabia is Kuwait's second trading partner. The volume of trade exchanges between the two countries reached approximately US $ 2,216 billion in 2016.

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