Firas Al-Salem, Chairman of the Kuwaiti Business Council in Dubai, confirmed that the economic partnership between Kuwait and the United Arab Emirates has witnessed significant development and remarkable growth, with Kuwaiti investments in the UAE exceeding $55 billion and continuing to rise in recent years.
Al-Salem explained that economic relations between the two countries span more than a century, evolving from ties among merchant families into a comprehensive institutional partnership that reflects the diversity and maturity of both economies.
Kuwaiti investments are distributed across several sectors, most notably aviation, maritime transport, financial technology, and real estate—which accounts for 80% of total investments—as well as capital markets that have attracted investors thanks to clear regulations and market depth.
UAE legislation, particularly in free zones such as the Dubai International Financial Centre and Abu Dhabi Global Market, has attracted Kuwaiti companies to establish local investment entities instead of turning to traditional global financial hubs. Kuwaiti developers have also recorded investments exceeding $2.18 billion in Sharjah’s real estate sector alone.
Concluding his remarks on the “Week of Fraternal Relations,” Al-Salem highlighted the role of such initiatives in transforming brotherly ties into tangible economic partnerships and encouraging a new generation of entrepreneurs to explore emerging opportunities.
He noted that the coming phase is rich with prospects amid development plans and growing international interest in the region, reinforcing the two countries’ roles as key pillars of the Gulf economy.
