Arab-Portuguese Chamber Strengthens Economic Ties with Kuwait
KUWAIT CITY, Feb 22: The Portuguese Business Council Kuwait (PBC) is pleased to announce the successful completion of the Arab- Portuguese Chamber of Commerce and Industry (CCIAP) business mission to Kuwait. This strategic initiative aimed to enhance economic, investment, and trade relations between Portugal and Kuwait, reinforcing a growing partnership between both nations. With Portugal recognized as a hub of quality, innovation, and talent, and Kuwait pursuing economic diversification under Vision 2035, both countries stand to benefit from deeper cooperation.
The delegation was led by Mr. Nuno Anahory, Executive Board Member of CCIAP, and organized in close collaboration with Mr. António Azevedo Campos, President of the Portuguese Business Council in Kuwait. Together, they provided a strong platform for Portuguese businesses to connect with Kuwait stakeholders, facilitating key discussions on investment and economic collaboration.
Summary of the Mission
The delegation, composed of over 12 Portuguese companies from key sectors including energy, real estate, investment funds, construction, cybersecurity, tourism, security services, and industries, visited Kuwait from February 18 to 20, 2025. This visit coincided with the 50th anniversary of diplomatic relations between Portugal and Kuwait, a testament to the enduring mutual respect and cooperation between the two nations. During the mission, numerous business opportunities were explored, and several Kuwait companies expressed strong interest in partnering with Portuguese enterprises. The discussions focused on trade, infrastructure development, and investment-driven innovation, opening new pathways for economic collaboration.
Key Highlights of the Mission
- Reception at the White Palace: The delegation was honored with a reception hosted by His Excellency Sheikh Mubarak Abdullah Al- Mubarak Al-Sabah at the White Palace, where discussions centered on Kuwait's commitment to innovation and sustainability.
- Meeting with Kuwait Chamber of Commerce and Industry (KCCI): Under the coordination of Mr. Firas M. AlOda, the delegation engaged in productive discussions with KCCI. The focus was on strengthening partnerships, trade and economic ties.
- Engagement with Kuwait Direct Investment Promotion Authority (KDIPA): The delegation met with His Excellency Sheikh Abdullah Sabah Humoud Al-Sabah, Assistant Director General for Investment Operations at KDIPA. Discussions highlighted Kuwait's strategic initiatives to attract highvalue investments and create a business-friendly environment for international enterprises.
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