RIYADH — The Federation of Saudi Chambers introduced the formation of the primary joint Saudi-Kuwaiti Enterprise Council. Salman Al-Oqayel has been elected chairman of the council for its four-year inaugural time period (1447–1451 AH) whereas Tariq Farid Al-Othman and Tariq Ahmed Al-Qahtani have been chosen as deputy chairmen.
Al-Oqayel stated the council’s formation marks a pivotal milestone in financial relations between Saudi Arabia and Kuwait, reflecting a sensible method to enabling the enterprise sectors in each nations to capitalize on promising funding alternatives and strengthen bilateral commerce and funding partnerships.
Al-Oqayel stated that the council will work on setting particular goals and approving a strategic motion plan, to be applied in coordination with related authorities companies. “It will contribute to creating a horny funding surroundings, elevating the extent of commerce and funding partnerships between the enterprise sectors in each nations, and enhancing the council’s position in supporting joint financial cooperation,” he stated.
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Al-Oqayel emphasised that the motion plan will deal with precedence sectors in each nations, significantly these associated to Saudi Arabia’s Imaginative and prescient 2030 and Kuwait’s Imaginative and prescient 2035. It’ll additionally spotlight funding alternatives and markets, maximize the advantages of comparative benefits and commerce and financial agreements, and allow Saudi and Kuwaiti corporations to increase and enter one another’s markets.
Al-Oqayel famous that commerce between Saudi Arabia and Kuwait reached SR9.5 billion by the tip of November 2025, together with SR8 billion in Saudi exports and SR1.5 billion in Kuwaiti imports.
Throughout its assembly with the Kuwaiti Ambassador to the Kingdom in December 2025, the Federation of Saudi Chambers introduced the graduation of procedures to ascertain a joint Saudi-Kuwaiti Enterprise Council. The council formally launched its operations on Sunday as a strategic platform to help enterprise house owners in each nations.
