The Head of Invest South Africa, Yunus Hoosen will lead a delegation of Senior Officials from the Ministry of Trade and Industry and the Western Cape Tourism, Trade and Investment Promotion Agency (WESGRO) from 20 to 22 May. The purpose of the visit is to strengthen trade and economic relations between South Africa and Kuwait and to promote investment and trade opportunities in South Africa.
The Delegation’s programme will include bilateral meetings with relevant government authorities and institutions, a business seminar at the Kuwait Chamber of Commerce and Industry on 22 May from 10:00am to 11:00am, and meetings with business stakeholders and company visits.
During the Business Seminar, the delegation will also share information on the business and investment environment in South Africa and present attractive investment opportunities in the following sectors: Agriculture and Agro-processing; Automotive and Components; Business Process Services (BPS)/Business Process Outsourcing (BPO); Logistics; Tourism (including Tourism Infrastructure); Real Estate; Mineral Beneficiation, Green Economy and Renewable Energy; Maritime Oil & Gas; Specialised Advanced Manufacturing (Nuclear, Aerospace and Advanced Materials and Niche Engineering); Pharmaceutical and Medical Technologies.
WESGRO will also present Special Investment projects in the Western Cape Province in some of the sectors mentioned above as well trade opportunities for Kuwait companies, especially fruits, vegetables, food products (including frozen and canned products, spices, sauces, beverages (including tea, coffee, juices), and dairy products and more.
In 2005, South Africa and Kuwait signed a Trade Agreement and an Economic and Technical Cooperation Agreement which affirmed the two countries’ commitment to build strong and mutually beneficial economic and commercial relations. Kuwait (and the Middle East), is an important trade and economic partner for South Africa. Kuwait is a significant investor in South Africa and the sixth largest export destination for South Africa in the Middle East. The forthcoming visit follows on the footsteps of a successful dti led business delegation that visited Kuwait in December 2015.