KUWAIT CITY, Nov 9: The United States remains the leading destination for Kuwait’s public and private investments, the Kuwait Chamber of Commerce and Industry (KCCI) confirmed on Sunday, underlining the enduring strength and strategic nature of bilateral economic relations.
KCCI highlighted that for more than three decades, the US has consistently ranked among Kuwait’s top three trading partners, with bilateral trade reaching USD 3.4 billion in 2023.
The statement coincided with KCCI hosting a US commercial and economic delegation on Sunday, comprising several energy-sector companies and led by Darryl Cheng, Commercial Counselor at the US Embassy in Kuwait. The meeting was attended by representatives of Kuwaiti government entities, companies, and private business owners.
KCCI said the visit contributes to strengthening bilateral economic ties and fosters direct discussions between counterparts, which help build effective channels for deeper cooperation. The Chamber emphasized that Kuwait’s investment presence in the United States, dating back more than six decades, has established broad and strong bridges of trust, supporting mutual strategic cooperation.
The Chamber noted that the US continues to be the primary destination for Kuwaiti overseas investments and highlighted the energy sector as a major opportunity to further enhance economic collaboration between the two countries.
In his remarks, Cheng said the gathering represented a key opportunity to expand cooperation between Kuwait and the United States. He affirmed that US companies are keen on forming bilateral partnerships with Kuwaiti counterparts, particularly in the sectors of infrastructure, machinery, manufacturing, energy, oil and gas, and other industries.
Representatives from the Kuwait Direct Investment Promotion Authority (KDIPA), the Public-Private Partnership Authority (PPPA), the Ministry of Electricity, Water and Renewable Energy, and the Kuwait Institute for Scientific Research (KISR) delivered presentations detailing key ongoing projects and investment opportunities under the framework of the “New Kuwait 2035” vision.
KCCI reiterated that Kuwaiti investment experience in the United States has fostered long-standing trust, creating strong foundations for strategic cooperation. The Chamber stressed that the energy sector continues to present significant opportunities to enhance the mutual economic relationship and expand collaboration in multiple industries.
Cheng highlighted that the delegation’s visit allowed for in-depth engagement with Kuwaiti counterparts, enabling US companies to explore potential partnerships across a range of sectors, including infrastructure, machinery, manufacturing, energy, oil and gas, and others.
Officials from KDIPA, PPPA, the Ministry of Electricity, Water and Renewable Energy, and KISR provided detailed presentations, outlining key projects and available investment opportunities designed to support Kuwait Vision 2035 and further deepen economic cooperation with the United States.