Saudi Arabia and Kuwait have announced the launch of their first jointly established, private sector-led business body, marking a new phase in bilateral economic cooperation and GCC integration. The initiative aims to stimulate foreign direct investment, rebalance trade flows and strengthen collaboration across priority sectors.
Trade between the two economies remains substantial, though FDI levels have lagged, prompting calls for a more structured private sector bridge. The new council is expected to support investment into emerging areas such as mining, shared energy assets and industrial development, while improving alignment between national manufacturers and investors.
Officials said the body reflects growing momentum across the Gulf to deepen cross-border capital flows and private sector participation, as regional economies compete for investment and advance diversification agendas amid an evolving GCC investment landscape.
Gulf Economist Staff Writer