The National U.S. - Arab Chamber of Commerce (NUSACC), This week, the National U.S.-Arab Chamber of Commerce (NUSACC) hosted the Honorable Lawrence Silverman, U.S. Ambassador to the State of Kuwait, as part of NUSACC's Expert Roundtable Series. Silverman provided an overview of the many opportunities for U.S. businesses in Kuwait, and he highlighted some of the steps that the Government of Kuwait says it is taking to make that nation a more attractive destination for trade and investment. The Ambassador of the State of Kuwait, H.E. Sheikh Salem Al-Sabah, also participated in the Roundtable and offered his perspectives.
Both ambassadors emphasized the strength of the bilateral relationship and the importance that their respective heads of state place on increasing bilateral commerce. They also discussed promising sectors for U.S. companies, including petroleum, cybersecurity, health care, infrastructure, and renewable energy. Many U.S. companies operate franchises in Kuwait, and there are also opportunities for growth in this field, Silverman said, in part because of the number of Kuwaitis who return to their country after studying in the United States.
NUSACC President & CEO David Hamod welcomed the two ambassadors, noting the strong, longstanding relationship between the Chamber and the State of Kuwait. Last year, for example, NUSACC supported the Kuwait Investment Forum hosted by the Kuwait Direct Investment Promotion Authority (KDIPA), which showcased Kuwait's ambitious plans to attract more foreign direct investment.
"The partnership between Kuwait and the United States is one of the closest in the world," Hamod said, "and it is moving from strength to strength. Last year alone, U.S. goods exports to Kuwait rose 20 percent." Hamod expressed appreciation to the Roundtable sponsors, FireEye and the NxtVn Group, which he described as "U.S. companies on the cutting edge of technology."
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