The Kuwait Chamber of Commerce and Industry (KCCI) emphasized on Tuesday the depth of Kuwaiti-Belgian relations, noting the strong bilateral ties built on years of friendship, mutual trust, and shared aspirations across various sectors.

The remarks came in a press statement issued by KCCI during its reception of a Belgian economic delegation led by Isabelle Grippa, CEO of Brussels Economic Development Agency. The meeting was attended by Belgian Ambassador to Kuwait Christian Dommes, Secretary-General of the Arab-Belgian-Luxembourg Chamber of Commerce César Hajazin, representatives from the Direct Investment Promotion Authority, and several business leaders from both sides.

Key Economic Indicators

• Bilateral Trade: KCCI reported that total trade between the two countries reached approximately $253.5 million in 2023.

• Investment Focus: Kuwait and Belgium maintain strong joint investments, particularly in infrastructure, real estate, and finance.

Statements from Officials

H.E. Christian Dommes, Belgian Ambassador to Kuwait:

• Expressed satisfaction with the meeting, noting the significant presence of Belgian companies reflects their commitment to strengthening bilateral relations.

• Highlighted Kuwait’s strategic importance as a major oil exporter and home to the world’s fifth-largest sovereign wealth fund (Kuwait Investment Authority).

• Identified key cooperation areas: political & economic relations, food security, healthcare, renewable energy, infrastructure, and free zone projects.

César Hajazin, Secretary-General of the Arab-Belgian-Luxembourg Chamber of Commerce:

• Praised the meeting’s high-level participation, with 40 prominent companies in attendance.

• Stressed Kuwait’s role as a key investment partner, particularly in oil and gas projects in Belgium.

Investment Opportunities & Presentations

• Kuwait’s Direct Investment Promotion Authority showcased "New Kuwait 2035" vision, outlining major private-sector projects and partnerships.

• Belgian companies presented their services and products across multiple industries.

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