Kuwait holds significant opportunities for SA companies
Ambassador Delaray von Tonder and Kuwait Chamber of Commerce and Industry board member Fahad Yaqoub Al-Jouan
As ties between South Africa and Kuwait strengthen, an opportunity had emerged for South African companies to participate in Kuwait’s infrastructure projects, South African Ambassador to Kuwait Delarey van Tonder said on Thursday.
During a Department of Trade and Industry- (DTI-) led outward selling mission to Kuwait, he said the two countries had expressed the political will to work closely together in various fields of cooperation covering areas such as trade and investment, transport, infrastructure development and women empowerment projects.
“South African companies have an opportunity to access the various infrastructure projects that Kuwait is embarking on, such as airport expansions, road infrastructure, metro rail developments, utility plants, hospitals and school projects. Additionally, new city developments are likely to provide further opportunities for South African industries,” added Kuwait Chamber of Commerce and Industry board member Fahad Yaqoub Al-Jouan.
Kuwait was South Africa’s sixth largest export destination in the Middle East, with total bilateral trade reaching R933-million in 2012 and a trade balance of R246-million in favour of South Africa.
Van Tonder said the trade mission was also in support of the Kuwait Declaration issued last week at the Africa-Arab summit.
“The Africa-Arab partnership is of strategic importance to South Africa. This is due to the fact that both regions have huge potential to play meaningful roles, of mutual benefit, in their respective socioeconomic development processes, especially on agricultural, agroprocessing and beneficiation,” he explained.
Van Tonder urged South African businesses to “put resources together” and take advantage of this cooperation between both countries.
The delegation to Kuwait was expected to visit different government departments, importers, buyers, distributors and business associations, including Kuwait's Union of Consumer Cooperative Societies.
Comments
Press Office
Announcements
What's On
Subscribe to improve your user experience...
Option 1 (equivalent of R125 a month):
Receive a weekly copy of Creamer Media's Engineering News & Mining Weekly magazine
(print copy for those in South Africa and e-magazine for those outside of South Africa)
Receive daily email newsletters
Access to full search results
Access archive of magazine back copies
Access to Projects in Progress
Access to ONE Research Report of your choice in PDF format
Option 2 (equivalent of R375 a month):
All benefits from Option 1
PLUS
Access to Creamer Media's Research Channel Africa for ALL Research Reports, in PDF format, on various industrial and mining sectors
including Electricity; Water; Energy Transition; Hydrogen; Roads, Rail and Ports; Coal; Gold; Platinum; Battery Metals; etc.
Already a subscriber?
Forgotten your password?
Receive weekly copy of Creamer Media's Engineering News & Mining Weekly magazine (print copy for those in South Africa and e-magazine for those outside of South Africa)
➕
Recieve daily email newsletters
➕
Access to full search results
➕
Access archive of magazine back copies
➕
Access to Projects in Progress
➕
Access to ONE Research Report of your choice in PDF format
RESEARCH CHANNEL AFRICA
R4500 (equivalent of R375 a month)
SUBSCRIBEAll benefits from Option 1
➕
Access to Creamer Media's Research Channel Africa for ALL Research Reports on various industrial and mining sectors, in PDF format, including on:
Electricity
➕
Water
➕
Energy Transition
➕
Hydrogen
➕
Roads, Rail and Ports
➕
Coal
➕
Gold
➕
Platinum
➕
Battery Metals
➕
etc.
Receive all benefits from Option 1 or Option 2 delivered to numerous people at your company
➕
Multiple User names and Passwords for simultaneous log-ins
➕
Intranet integration access to all in your organisation