Saudi Arabia and Kuwait Boost Trade Exchange with Land Customs Connectivity Project
In a major development, the completion of the land customs technical connectivity project between Saudi Arabia and Kuwait promises to elevate their trade exchange even further.
Streamlining Customs Procedures for Smoother Cross-Border Trade
During the second meeting of the coordination council between the two countries, the announcement of the project’s completion was made, marking a significant milestone in enhancing trade and facilitating the movement of goods between the neighboring nations.
Cooperation for Mutual Investments and Development
Both sides lauded the cooperation that has led to the flow of capital and bilateral trade, fostering mutual investments and continuous development across various sectors such as energy, industry, rail connectivity, communications, IT, infrastructure, and real estate development.
Combatting Terrorism and Extremism
Emphasizing the importance of combating terrorism and extremism, the two parties highlighted the significance of exchanging experiences for the security of both countries.
Building a Common Vision for Collaboration
Saudi Arabia and Kuwait are committed to developing a shared vision for closer and sustainable mutual cultural, media, tourism, and social development collaborations, aiming to strengthen their relations.
Expanding Cooperation in Education, Health, Tourism, and Sports
The collaboration extends to educational development, with a focus on enhancing partnerships between universities, providing scholarships, and streamlining admission processes for students. Additionally, both countries are keen on expanding cooperation in health, tourism, and sports sectors.
50 Initiatives to Enhance Cooperation
Saudi Minister of Foreign Affairs Prince Faisal bin Farhan and his Kuwaiti counterpart Abdullah Ali Al-Yahya expressed satisfaction with the outcomes of the subcommittees’ meetings, which led to the adoption of 50 initiatives to boost cooperation and push their relations to broader horizons.