«Finance»: 47.2 thousand Kuwaiti investors in public companies in the UAE

The Ministry of Finance confirmed the strength of the strategic partnership between the Emirates and Kuwait in various fields, especially financial, economic and investment, which is evident through the numbers and statistical data for 2020.

In a report to the Emirates News Agency, on the occasion of the 61st Kuwaiti National Day, the ministry stated that the volume of trade exchange between the UAE and Kuwait in 2020 amounted to 30 billion dirhams, which embodies the strength of the strategic partnership and enhances the sustainable development process in the two brotherly countries.

The ministry added that the number of Kuwaiti investors in public shareholding companies registered with the Securities and Commodities Authority reached 47,200 Kuwaiti investors, while the number of licenses for economic activities granted to Kuwaiti citizens in the UAE reached 465 licenses during the year 2020.

The Ministry of Finance indicated that real estate deals in the country continued to record good performance rates, attracting more Kuwaiti investors wishing to enter the UAE real estate market. The number of Kuwaiti real estate owners in the UAE has reached 1,369 Kuwaiti citizens.

The number of Kuwaiti citizens in UAE hotels for the year 2020 reached 109,000, while the number of Kuwaiti citizens who were treated in UAE government hospitals and clinics reached 4,594 Kuwaiti citizens for the year 2020.

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