The Middle East Association is leading a multi-sector trade mission to Kuwait from 20th to 24th May.
Kuwait is the tenth richest country in the world, with a per capita income of $46,460. It possesses between 8 and 9% of global oil supplies and is the world’s 6th largest oil exporter. It has the second largest stock exchange in the Arab world, and its sovereign wealth fund stands at over £300 billion, much of which is managed from the Kuwait Investment Office in London.
The government’s new Development Plan is designed to build for the future through privatising loss-making state enterprises and diversifying away from oil by creating a vibrant private sector. UK visible exports to Kuwait comprised £530 m in 2010. Bilateral trade is worth $3.59 billion. Exports cover a number of sectors, including industrial and electrical machinery, transport, metals, food, clothing and other consumables. Services include consultancy, financial services, investment banking, insurance, aviation, and shipping.
With the UK moving closer to being Kuwait’s number one partner of choice for trade and investment, UK business is very well placed to benefit from the Development Plan. Key market sectors in Kuwait presenting substantial opportunities for business and investment are construction, education, healthcare, and security.
The mission has the full support of the British Embassy and the Kuwait Embassy in London. It will be led by Mrs Feride Alp-Walter, Senior Consultant, who has been taking trade missions to the region since 2006.
If you would like to pre-register your interest then please complete the form below :
A full prospectus detailing the full programme and costs will be e-mailed to you just as soon as it is available
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