In a significant move to strengthen their economic and strategic partnership, Türkiye and Kuwait have entered into six major cooperation agreements, covering a broad range of sectors from investment promotion to disaster management. The signing ceremony, held in Ankara in the presence of President Recep Tayyip Erdoğan and Kuwaiti Emir Sheikh Meshal Al-Ahmad Al-Jaber Al-Sabah, marked a pivotal moment in bilateral relations and was also attended by Investment Office President A. Burak Dağlıoğlu and Kuwaiti Minister of Finance and Minister of State for Economic Affairs and Investments Anwar A. Al-Mudhaf.
The agreements were signed following extensive talks that included both one-on-one and delegation-level discussions at the presidential complex.
One of the key agreements includes the Memorandum of Understanding (MoU) between the Investment Office of the Presidency of the Republic of Türkiye and the Kuwait Investment Authority (KIA), aimed at enhancing investment cooperation. This MoU is crafted to promote sustainable economic growth, facilitate direct business contacts, and support joint ventures and investments. It also includes commitments to share economic information and organize promotional events, viewed as crucial steps measures towards reaching a bilateral trade volume target of USD 5 billion.
Further agreements will foster cooperation in free trade zones, housing welfare and infrastructure, disaster and emergency management, defense industry supplies, and the establishment of a Joint Strategic Dialogue. These initiatives underscore a shared commitment to enhancing economic, cultural, and security ties.
President Erdoğan emphasized the importance of bilateral investments and trade promotion, asserting that such cooperation would benefit both countries. He also reaffirmed Türkiye's support for Kuwait's sovereignty, territorial integrity, and security, which resonates strongly with the ongoing diplomatic efforts.
The revitalization of the Joint Economic Commission Mechanism between the two nations is particularly notable, promising to serve as a cornerstone for future collaboration and dialogue. These agreements not only pave the way for heightened economic interaction but also highlight the deepening of diplomatic and cultural exchanges, further enhancing the strategic partnership between Türkiye and Kuwait.