Al-Marzouq: Kuwait Focuses on Attracting Quality Investments
Al-Marzouq emphasized the importance of transitioning the Gulf-UK Free Trade Agreement to the implementation phase to attract investments.
Translated by Qiyas from الراي — Original source
Kuwait’s Minister of State for Economic Affairs and Investment, Abdulaziz Al-Murad, affirmed on Tuesday the necessity of moving the free trade agreement between the Gulf Cooperation Council (GCC) and the United Kingdom from the dialogue phase to implementation.
Speaking at the “Gulf-British Strategic Dialogue” conference, Al-Murad stressed that making decisions at this pivotal stage is “of paramount importance,” as it is the means to transform opportunities into tangible projects, partnerships, and measurable economic value.
He noted that the preparation of the free trade agreement between the UK and the GCC states was carried out with precision, and its completion would provide clarity and market access for companies on both sides, helping them advance their investment plans.
Al-Murad argued that the next phase of Gulf-British relations should be grounded in the history of their strong ties and contribute to building a deeper partnership in trade, investment, technology, infrastructure, financial services, and advanced industries, alongside areas of shared priority.
He clarified that economic diversification in the GCC countries continues to open new horizons for international partnerships, while Kuwait focuses on attracting high-quality investments that contribute to sustainable growth, support innovation, create high-value jobs, and enhance the role of the private sector.
He expressed his hope that the coming period would witness an intensification of concrete projects and the establishment of new partnerships that translate political declarations of ambition into tangible achievements.
Sarovar pointed out that there are many areas offering “promising” opportunities for cooperation, such as the aviation sector, which is witnessing massive expansion in the Gulf region, as well as financial and legal services.
In this regard, he indicated his desire to explore the idea of enhancing the partnership between the GCC states and the UK to jointly invest in third countries, rather than limiting discussions to bilateral investment opportunities, considering this area could represent a “very large” opportunity to strengthen cooperation between the two sides.
Participants at the conference discussed several key topics in economic relations and their development between the GCC states and the UK, including trade, investment, financial services, capital market investments, and digital economies.
