Kuwait Establishes its Own Business Council
In a recent move that will certainly be welcomed by not only the rest of the countries in the gulf but by also the rest of the global business community, the oil rich country of Kuwait has decided to establish its own business council, plainly known as the Kuwait Business Council that has been inducted into the Dubai Chamber of Commerce and Industry.
The establishment of the Kuwait Business Council was announced on Sunday by the Dubai Chamber of Commerce and Industry and considering the fact that Dubai is currently one of the most active centres of global business across the world and is also the place where plenty of Kuwaiti businesses have a thriving trade, it is without doubt an extremely sensible step on the part of the powers that be in the Gulf kingdom. The Dubai Chamber of Commerce and Industry has a total of 47 business councils under its watch and would certainly lead to greater collaboration in businesses between the two regions.
Senior Vice President of Commercial Services Sector of the Dubai Chamber, Atiq Juma Nasib, said, "Kuwait is a historic GCC trading partner for Dubai and this new council will help business communities of the UAE and Kuwait to establish stronger trade ties and contribute to the economic development of Kuwait and the UAE while taking both the countries' bilateral relations to a higher level," . On the other hand, Chairman of Kuwait Business Council, Saad Al Rubaiaan welcomed the move as well, "It is a matter of pride for us to establish this first of its kind business Council outside of Kuwait. This has been made possible with the hard work of Kuwaiti businesses and the support and cooperation of Dubai Chamber and the Consulate General of the State of Kuwait in the emirate. We look forward to the newly-established Business Council to serve as an ideal platform for Kuwaiti businesses to strengthen their trading ties with Dubai-based businesses and to benefit from the opportunities that the emirate's vibrant investment environment offers to companies looking to expand globally while contributing to the success and growth of Kuwaiti companies operating out of the emirate's markets."
