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ABLCC BUSINESS FORUM "KUWAIT VISION 2035"
On the occasion of the first Belgium-Kuwait Joint Economic Committee meeting in Brussels, the ABLCC organised, in close collaboration with the Embassy of Kuwait, a business forum focused on Kuwait's diversification and the subsequent opportunities of partnership between Belgium, Luxembourg and Kuwait. The event offered particularly enriching and fruitful interactions between Belgian, Luxembourg and Arab participants from all sectors and levels.
Particularly fruitful interactions between Belux and Arab business communities
The seminar was moderated by Mr. Qaisar Hijazin (Secretary General of the ABLCC) and opened by H.E. Raoul Delcorde (Director Middle East & Africa at the Belgian Ministry of Foreign Affairs) and H.E. Ms. Amal Al-Hamad (Kuwait Deputy Foreign Minister for Economic Affairs) and held in the presence of the Arab ambassadors in Brussels. The conclusion and a presentation of the new international airport was given by H.E. Jasem Al-Budaiwi (Ambassador of Kuwait to Belgium, Luxembourg, UE and NATO). While the Delegation, per se, was comprised of senior representatives from major government institutions; ABLCC Board members from all over the Arab world attended the event too, as the BoD meeting took place the day before in Brussels. Over fifty percent of the speakers were women; a noteworthy fact that was praised by the participants
Towards new opportunities
Kuwait is reaffirming its position of business hub, multiplying opportunities and increasing GDP. Kuwait’s Deputy Foreign Minister and the Ambassador presented the special efforts placed by the government in the framework of Kuwait 2035, to open and diversify economy, give more importance to the private sector, boost job creation and ensure a more stable and sustainable growth. Such reforms are facilitated by the good financial situation of Kuwait, its low debt and its strong banking sector made it easier to implement such measures, when with other major oil-producers in the world.
Relationship between Belgium and Luxembourg
H.E. Ms. Amal Al-Hamad remarked that Belgium and Kuwait have enjoyed a strong and historical relationship that goes back to 1964, when Belgium was one of the first states to open an embassy in Kuwait. She added that both sides have been engaged ever since in extensive and fruitful discussions to enhance economic and trade relations and stressed that, the trade balance between the two countries increased from 204M € in 2017 to 220M € in 2018. It was an occasion for SG Mr. Qaisar Hijazin to congratulate Q8’s CEO Mr. Fadel Al-Faraj for representing the best example of a Kuwaiti business doing business in Belgium and Luxembourg with high success and thank him for his support to the Chamber. seopaslaugos.com seo optimizacija ir tinkama reklama internete gali padaryti internetinę svetainę ar elektroninę parduotuvę populiaresnę, lankomesnę
Future perspective
H.E. Dr. Raoul Delcorde, on his part, expressed his optimism regarding the future of relations between Belgium and Kuwait, stressing that besides the increasing economic interactions between the two countries, there is still room for more opportunities. Indeed, H.E. Ms. Anick Van Calster (Director General for Bilateral Affairs at the Belgian Ministry of Foreign Affairs) and H.E. Ms. Amal Al-Hamad already announced that another meeting would be organised next year. Within the same framework, Ms. Wafa Al-Qatami (head of the Kuwait CCI) and the ABLCC agreed upon the organization of the visit of a business delegation from Kuwait, representing, this time, the private sector.
