Kuwait elected to represent Arab Group in COMCEC Bureau
. . . reinforces role in advancing economic cooperation
The Kuwaiti Minister of Commerce and Industry, Khalifa Al-Ajil, praised the election of the State of Kuwait by the Arab Group to represent it in the Bureau of the Follow-up Committee of the Standing Ministerial Committee for Economic and Trade Cooperation (COMCEC) for the next three years — an acknowledgment of Kuwait’s active role in supporting regional and international economic collaboration.
In his address at the 41st Session of the Standing Committee for Economic and Commercial Cooperation of the Member States of the Organization of Islamic Cooperation (OIC), Minister Al-Ajil extended his gratitude to the State of Qatar for its effective leadership and constructive efforts during its previous term, reports Al-Rai daily.
Al-Ajil commended COMCEC’s adoption of the theme “Improving Export Strategies in the Member States of the Organization of Islamic Cooperation,” emphasizing its relevance amid the ongoing global and regional political and economic turbulence.
He stated that the success of nations in enhancing their exports depends largely on their ability to diversify production bases and expand the spectrum of exportable goods and services. He noted that exporting has evolved from being a supplementary commercial activity into a central pillar of economic growth and a key driver for income diversification and international competitiveness.
Minister Al-Ajil highlighted that OIC member states possess the natural, human, and financial resources necessary to become a formidable global economic bloc, provided they harness these capabilities effectively and adopt policies that encourage sustainable growth and integration.
He reaffirmed that Kuwait is steadily advancing toward its Vision 2035, which seeks to diversify the national economy, reduce reliance on oil, and enhance the role of the industry, technology, and financial services sectors. These efforts aim to increase non-oil exports and strengthen the nation’s global economic standing.
Al-Ajil further explained that Kuwait aspires to become a regional and international hub for finance and trade, capable of attracting investments by empowering the private sector, developing human capital, and modernizing infrastructure.
He added that Kuwait places economic diversification and export development at the core of its strategic agenda. The country continues to implement measures to boost global competitiveness, promote non-oil exports — including petrochemicals, food products, and manufactured goods — reduce export-related costs, and expand market access through international trade agreements.
The election of Kuwait to the COMCEC Bureau underscores the nation’s active diplomatic and economic engagement and its commitment to strengthening cooperation among Islamic nations to foster sustainable development and shared prosperity.
