KuwaitBC eyes closer UAE trade ties

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ABU DHABI, July 19, (KUNA): A Kuwaiti business group signed a deal with a UAE-based fund for small and medium enterprises as part of efforts to improve bilateral trade ties. “We are glad to work with Kuwaiti businessmen to explore an array of investment opportunities,” said Mohammed Bin Rashid Fund for SMEs Deputy CEO Saeed Al-Marri, pointing out that such endeavors help contribute towards the UAE’s regional investment hub aspirations. The deal will help “open new doors” for the Kuwait Business Council (KuwaitBC) in Dubai and the Northern Emirates, its deputy chief Feras Al-Salem said, hailing the deal as a lucrative opportunity for Kuwaiti entrepreneurs. KuwaitBC was established in May 2016 under the umbrella of the Dubai Chamber as an independent non-profit organization; an initiative of a group of prominent Kuwaiti companies, personalities, and businesspeople in Dubai and the Northern Emirates.

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