The Department of Trade & Industry (DTI) will lead a business delegation to Kuwait from 28 November to 1 December, 2015. The objective of the visit is to strengthen commercial relations and business exchanges between the two countries. The delegation is comprised of thirteen companies from the following sectors: agriculture, agro-processing, chemicals, construction and engineering, electro technical, manufacturing and steel. Planned activities include a business seminar, business-to-business meetings at the Kuwait Chamber of Commerce and Industry as well as site visits to companies in Kuwait.
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. The visit will expose South African and Kuwait business to trade and investment opportunities in both countries and facilitate the establishment of mutually beneficial business exchanges.
Kuwait (and the Middle East), is an important trade and economic partner for South Africa. It is one of the world’s growing markets for manufactured products and services. It holds great potential for South Africa as an export market, and serves as a potential source of foreign direct investment.
Kuwait is an important investor in South Africa and the sixth largest export destination for South Africa in the Middle East.