US remains Kuwait’s top investment, trade partner; trade volume reaching $3.4 billion in 2023: KCCI
The Kuwait Chamber of Commerce and Industry affirmed that the United States of America remains the leading destination for Kuwait’s public and private investments, noting that it has consistently ranked among Kuwait’s top three trading partners for over three decades, with a trade volume reaching $3.4 billion in 2023.
The Chamber made this statement on the occasion of hosting a U.S. trade and economic delegation on Sunday, which included several energy sector companies.
The delegation was led by Darrell Cheng, Commercial Counselor at the U.S. Embassy in Kuwait, and attended by representatives from government entities, Kuwaiti companies, and business leaders.
The Chamber emphasized that such visits play a vital role in strengthening bilateral economic relations, adding that direct dialogue between counterparts fosters practical and sustainable cooperation.
It highlighted that Kuwait’s investment experience in the United States spans more than six decades, establishing strong bridges of trust and strategic collaboration.
The Chamber also underscored that the energy sector offers a significant opportunity to deepen economic cooperation between the two countries.
For his part, Darrell Cheng described the meeting as an important step toward expanding partnerships between Kuwait and the United States. He reaffirmed the interest of American companies in forming joint ventures with Kuwaiti firms, particularly in infrastructure, machinery, manufacturing, energy, oil, and gas sectors.
During the meeting, 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 highlighting key ongoing projects and investment opportunities aligned with the Kuwait Vision 2035 development plan.
