logo
Gulf Vision 2025 Conference to enhance strategic cooperation: French official

Gulf Vision 2025 Conference to enhance strategic cooperation: French official

Arab Times5 days ago

PARIS, France, June 16: France will host the Gulf Vision 2025 conference on June 17–18 in Paris under the patronage of French President Emmanuel Macron, aiming to deepen economic cooperation and forge long-term partnerships between Gulf Cooperation Council (GCC) countries — especially Kuwait — and France.
In an interview with KUNA, Axel Baroux, Regional Managing Director for the Near and Middle East at Business France, emphasized that the upcoming conference will serve as a pivotal platform to promote strategic collaboration. The event will bring together ministers, investors, industry leaders, and innovators to foster partnerships in sectors such as energy transition, healthcare, artificial intelligence, sustainable agriculture, transportation, tourism, and education.
Baroux highlighted the alignment between Kuwait Vision 2035 and France 2030, stressing that both countries are focused on sustainable innovation and economic diversification. He noted that Kuwait has played a significant role in previous editions of the conference, reflecting mutual interest in enhancing bilateral ties.
The 2025 edition is expected to mark a turning point in Gulf–France economic relations. By facilitating direct engagement between French companies and Gulf decision-makers, the conference aims to move beyond dialogue to practical agreements and projects.
France is currently the leading European investor and the eighth-largest global investor in Kuwait. More than half of the European companies operating in Kuwait are French, providing over 2,100 job opportunities, particularly in infrastructure, transportation, energy, and health.
Baroux pointed to the growing cooperation in healthcare, education, green technology, and services, aligned with Kuwait's strategy to diversify its economy. He added that France's presence in Kuwait spans 89 companies across key sectors including luxury, cosmetics, food, and infrastructure.
Business France, the conference organizer, works with approximately 2,000 French companies annually across the Gulf. It offers support in B2B matchmaking, market research, startup facilitation, and talent mobility. The agency also assists Kuwaiti firms looking to enter the French market by offering consulting, legal, and financial services, and access to government and research institutions.
Calling on Kuwaiti investors and decision-makers to participate in Gulf Vision 2025, Baroux underscored the importance of turning conversations into concrete collaborations. Specific focus areas for Kuwait include health infrastructure, solar and renewable energy, water and waste management, AI, smart agriculture, and vocational training.
The event will feature high-level sessions, including a "2030 Plans" ministerial roundtable and an 'Innovation for Sustainability' dialogue exploring resource management and future technologies. Baroux concluded by reiterating France's openness to long-term partnerships grounded in innovation, shared growth, and economic resilience.
Business France, a leading government agency, is spearheading the initiative to bolster France's international economic outreach and attract foreign investment.

Orange background

Try Our AI Features

Explore what Daily8 AI can do for you:

Comments

No comments yet...

Related Articles

VisitBritain promotes UK diverse summer tourism beyond London - Faten Omar,
VisitBritain promotes UK diverse summer tourism beyond London - Faten Omar,

Kuwait Times

time2 days ago

  • Kuwait Times

VisitBritain promotes UK diverse summer tourism beyond London - Faten Omar,

162,000 Kuwaitis visited UK in 2024, a 6 percent increase from 2023 KUWAIT: In collaboration with the British Embassy in Kuwait, Britain's national tourism agency, VisitBritain, organized a special afternoon tea event on Tuesday aimed at promoting the UK's diverse summer tourism experiences beyond London. During her opening remarks, British Ambassador to Kuwait Belinda Lewis emphasized the importance of strengthening the close ties between the United Kingdom and Kuwait, noting the growing interest among Kuwaiti travelers in exploring the UK's home nations. Ambassador Lewis added that Kuwaitis made 162,000 visits to the UK in 2024, a 6 percent increase from 2023 — with an average spend of £2,641 per person. The Gulf region ranks as the UK's tenth-largest inbound market, and Kuwait is projected to have the third-highest visitor spend among GCC countries in 2025. The ambassador highlighted the Electronic Travel Authorization (ETA) scheme as a major driver of this growth, explaining that Kuwaitis made 148,854 applications between February 2024 and March 2025 - the second highest in the Gulf after Saudi Arabia. British Ambassador to Kuwait Belinda Lewis speaks at the event. Mirna Tamimi, Visit Britain's GCC Communications Manager speaks about the campaign. She also emphasized the Embassy's support for initiatives that showcase the UK's rich and diverse experiences, saying, 'We are delighted to welcome VisitBritain and media partners to the British Embassy today. As the long-standing bonds between the UK and Kuwait continue to strengthen, I am glad to see ever more Kuwaiti travelers choosing to visit the UK.' The event introduced VisitBritain's latest global campaign, Starring GREAT Britain, which taps into the rising trend of 'set-jetting' - visiting locations featured in popular films and TV series. The campaign invites travelers to discover iconic filming sites across England, Scotland and Wales. For her part, Mirna Tamimi, VisitBritain's GCC Communications Manager, showcased major events taking place this summer, including world-class sporting moments such as the British Grand Prix at Silverstone and the Wimbledon tennis tournament; Bath's festivities marking 250 years since the birth of renowned author Jane Austen; and the Liverpool Biennial, the UK's largest contemporary art festival. She also emphasized the ease of travel both to and within the UK, with 18 direct flights per week from Kuwait City to London and Manchester, and over 2,500 train stations connecting Britain's towns and cities. In his turn, Gary Robson, VisitBritain Director for Europe, Middle East & India, emphasized the importance of the Kuwaiti market, stating, 'Our collaboration with the British Embassy Kuwait helps us deepen ties in this key GCC region. We are working closely with local influencers and travel trade partners to inspire travel beyond London.' He added, 'Our culturally relevant campaigns, delivered in English and Arabic, are tailored to resonate locally through popular platforms such as Snapchat, which plays a key role in our engagement strategy across Kuwait and Saudi Arabia.'

Transatlantic airfares slump as West Europeans skip US travel
Transatlantic airfares slump as West Europeans skip US travel

Kuwait Times

time2 days ago

  • Kuwait Times

Transatlantic airfares slump as West Europeans skip US travel

Summer airfares from Europe to US drop to pre-pandemic levels NEW YORK: Airfares from Europe to the United States have dropped to rates not seen since before the pandemic, as travelers from Western Europe lead a pullback in travel to the US that is expected to continue through at least July. Overseas arrivals to the United States fell 2.8 percent in May from a year ago, according to preliminary data from the US National Travel and Tourism Office within the US Department of Commerce. Travel from Western Europe fell 4.4 percent in May although travel from Eastern Europe rose 4.6 percent in the same period. Forward bookings suggest sustained declines are on the horizon, with total inbound bookings to the US in July down 13 percent year-over-year, according to OAG Aviation, an analytics firm. Transatlantic airfare has been declining since the first quarter when Europeans started reconsidering travel to the US after President Donald Trump suggested annexing Greenland, launched a global trade war, and issued orders that focus on stricter border policy. A stronger dollar has also deterred some trips. In March, travel from Western Europe fell 17 percent year-over-year, according to the NTTO. Average round-trip economy airfares for over 50 routes from the US to Europe in the first quarter were down an average of 7 percent year-over-year, with rates to fly between Atlanta, Georgia, and London, down 55 percent, according to data from Cirium, an aviation analytics firm. As American consumers have been bargain-hunting and waiting closer to their departure dates to finalize travel plans, the decline in demand from Europe is another factor contributing to cheaper travel. 'Fewer seats filled by European travelers to the US, and a slower pace of growth in US outbound to Europe than last year, will tend to cast 2025 as a tougher year to make money on transatlantic routes,' said Aran Ryan, director of industry studies at Tourism Economics, a subsidiary of Oxford Economics. This summer, the price of round-trip tickets from the US to Europe is down 10 percent compared with a year ago, travel booking app Hopper said. Average fares of $817 per ticket are in line with prices to Europe in the summer of 2019 before the pandemic. Major carriers, including Air France KLM and Germany-based Lufthansa, expect slowing activity. Lufthansa CEO Carsten Spohr said the company expects weaker demand in the third quarter, while Air France KLM CEO Ben Smith said the company is seeing a 'slight pullback' in transatlantic traffic and will slash prices to keep cabins on its transatlantic flights full. Airlines including Lufthansa and US air carrier United Airlines say higher demand from US travelers flying to Europe is offsetting the decline of Europeans flying the opposite direction. United said international bookings from Europe fell 6 percent in the first quarter, but added that US-originating demand made up for the pullback. Rival Delta Air Lines said 80 percent of its long-haul international demand originates from the US, and fares in the region are 'significantly higher' than in the rest of the world. Lufthansa said it plans to market its transatlantic flights to more Americans given the higher demand, despite travel from Western Europe showing moments of recovery. Travel from the region to the US increased 12.1 percent in April before falling again in May, according to data from the NTTO. As of mid-May, there are 4.3 percent more international flights scheduled to depart from US airports for international destinations this summer, said Hopper. 'We feel really good about the transatlantic market,' American Airlines CFO Devon May said at a Wolfe Research transportation and industrials conference in May. — Reuters

Agility KSCP Launches Kuwait-Centric Strategy Supporting Kuwait Vision 2035‎
Agility KSCP Launches Kuwait-Centric Strategy Supporting Kuwait Vision 2035‎

Arab Times

time2 days ago

  • Arab Times

Agility KSCP Launches Kuwait-Centric Strategy Supporting Kuwait Vision 2035‎

KUWAIT CITY, June 19: Agility Public Warehousing Company KSCP's (Agility KSCP) new Board of Directors today announced a refocusing of its strategic direction, shaped by Kuwait's promising growth outlook and aimed at accelerating infrastructure development. The new strategy positions the company as a dedicated platform supporting Kuwait's national development priorities under Kuwait Vision 2035. This focus affirms Agility KSCP's foundational mission, as defined by the Amiri Decree that established the company in 1979 to develop critical warehousing and infrastructure in Sulaibiya, Doha, and Mina Abdullah. Positioning for Strategic Alignment with Kuwait Vision 2035 Agility KSCP is positioning its capital, operations, and leadership to support national economic priorities, with plans to invest more than KD 100 million through 2030. Agility KSCP will focus on high-priority sectors including: ● Facilitating government initiatives to attract FDI and develop Mubarak Al Kabeer Port. ● Contributing to the development of new economic zones such as the Northern Area project. ● Customs modernization and supply chain enablement. ● Industrial real estate and warehousing. ● Industrial waste management and recycling infrastructure. ● Development of major data centre projects. ● Promoting the resilience and security of Kuwait's food and health care sectors. The company's streamlined, Kuwait-centric strategy unlocks operational agility and capital efficiency by consolidating its footprint in a growth market where it has long-standing execution capability and deep institutional knowledge. Driving Impact Through Governance and Capital Alignment To better support Agility KSCP's new direction and improve the company's responsiveness to government priorities, Agility KSCP is taking several structural steps: ● National alignment: Formation of a permanent senior board committee dedicated to aligning with national initiatives and enhancing stakeholder coordination, with a particular focus on deepening engagement and responsiveness to government priorities and policy direction. ● Unlocking shareholder value through an in-kind distribution of Agility Global PLC stake: Agility KSCP's Board is enhancing value for its shareholders through an in-kind dividend distribution of an approximately 20% stake in ADX-listed Agility Global PLC to shareholders of Agility KSCP. This strategic move provides a direct and tangible return, allowing shareholders to benefit from a stake in a high-potential entity. By increasing Agility Global PLC's free float, the distribution is expected to significantly improve share liquidity, enhance price discovery, and position Agility Global PLC for greater visibility and potential inclusion in key equity indices. This initiative reflects the Board's ongoing commitment to maximizing shareholder value and aligning long-term interests. ● Fostering Kuwaiti Talent: Building on its longstanding commitment to developing Kuwaiti human capital, the company will intensify efforts to recruit, develop, and retain Kuwaiti nationals—who will serve as the driving force behind the strategy. ● New brand: To provide further clarity for shareholders and stakeholders, Agility KSCP will in due course carry a new name that reflects its new mission. Together, these strategic priorities are designed to enhance focus and operational efficiency and unlock long-term value—reinforcing Agility KSCP's position as a trusted industrial partner and key enabler of Kuwait's economic growth. Offering Investors Access to Kuwait's Growth Tarek Sultan, Vice Chairman of Agility KSCP, said: 'As a company with deep national roots, we are aligning every aspect of our operations and capital allocation to serve Kuwait's long-term economic transformation. This evolution to focus on Kuwait's infrastructure priorities offers investors direct access to the country's most promising non-oil growth sectors—backed by committed capital, local execution strength, and strategic alignment with government objectives. Our KD 100+ million investment in Kuwait's logistics and infrastructure sector underscores our belief in the country's strategic geographic position, resilient economy, and fast-growing e-commerce market. We're proud to support the development of advanced logistics and industrial infrastructure that will drive trade, create jobs, and contribute to Kuwait's broader economic diversification efforts." In-Kind Dividend Announcement Agility's Board of Directors has approved an in-kind dividend for Q1, 2025 in the form of shares in Agility Global PLC, representing around 20% of Agility Global PLC's issued share capital. Under the approved terms, eligible shareholders of Agility KSCP will receive 82 shares of Agility Global PLC for every 100 shares held in Agility KSCP. This distribution reflects the Board's ongoing efforts to unlock shareholder value, improve trading liquidity for Agility Global, and enhance the company's eligibility for index inclusion.

DOWNLOAD THE APP

Get Started Now: Download the App

Ready to dive into a world of global content with local flavor? Download Daily8 app today from your preferred app store and start exploring.
app-storeplay-store