A delegation of about twenty Spanish companies has participated in a momentous business meeting in Kuwait, seeking to deepen the ambitious plan "Kuwait's Vision 2035" and uncover new investment opportunities. Sectors of interest range from infrastructure and renewable energy to water management, digital health, capital goods, defense, and tourism.
The event, co-organized by the Chamber of Commerce of Spain, the Secretary of State for Trade (through ICEX Spain Export and Investments) And CEOE, underlines the strategic importance of Kuwait for Spain. The Secretary of State for Trade, Amparo López SenovillaHe emphasized that Kuwait is a "key partner for Spain in the Persian Gulf"...with vast potential for collaboration. "Through this Business Meeting and the celebration of the Spain – Kuwait Joint Commission"We want to consolidate a stronger, more diversified business relationship, one that is adapted to global challenges," said López Senovilla.
The Secretary of State highlighted Kuwait's economic dynamism and its development vision as fertile ground for Spanish companies. According to López Senovilla, bilateral relations have shown "sustained growth in Spanish exports, a greater presence of Spanish companies in major projects in Kuwait, and a boost in Kuwaiti investment in our country." In this context, Spain actively advocates for the expansion of European Union free trade agreements, promoting the reactivation of the Free Trade Agreement between the Gulf Cooperation Council (GCC) and the European Union.
Jaime MontalvoThe International Director of the Spanish Chamber of Commerce highlighted that in an increasingly uncertain global landscape, "Kuwait and Spain stand out as two reliable partners at all levels, with excellent political and cultural relations that have lasted for a long time."
Kuwait's "Vision 2035," which seeks ambitious economic and industrial diversification, offers fertile ground for more active participation by Spanish companies.
Although the Spanish private sector already has a consolidated presence in Kuwait in areas such as oil and gas, renewable energy, water, transport and ICT, with industrial equipment and consumer goods leading trade, Montalvo pointed out that "there is still ample room to improve our bilateral flows, especially in terms of investment."
Montalvo also highlighted Kuwait as a relevant investor in SpainHe suggested that Spain could become an increasingly attractive investment destination for Kuwaiti companies. To achieve this, he emphasized the need for "stable and open regulation" and the swift implementation of "public-private cooperation schemes." Finally, he affirmed that chambers of commerce and business organizations are committed to strengthening collaboration to disseminate information, offer guidance, and foster B2B connections, benefiting not only large corporations but also SMEs.
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