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Portugal and The State of Kuwait began their diplomatic relations in 1975.
The Ambassador of The State of Kuwait to Portugal is H.E. Hamad Al-Hazeem.
Kuwait celebrates National Day on February 25.
Kuwait’s history is marked by its strategic location in the Arabian Gulf, making it a crossroads for trade and cultural exchange. Founded in the early 18th century, Kuwait quickly became a significant trading hub due to its accessible port.
The Al-Sabah family established control in 1756, laying the foundation for the modern state. In the 19th century, Kuwait came under British protection, which lasted until its independence in 1961. The discovery of oil in the 1930s transformed Kuwait’s economy, leading to rapid modernization and significant wealth. The Iraqi invasion in 1990 resulted in the Gulf War, from which Kuwait emerged with restored sovereignty and continued economic growth
Kuwait’s strengths
Kuwait boasts a robust economy primarily driven by its substantial oil reserves, which account for a significant portion of its GDP and exports (ME Business Brief). The country has one of the largest sovereign wealth funds in the world, providing a stable financial foundation for its economic development. Additionally, Kuwait’s strategic location in the Gulf region makes it a critical hub for trade and commerce.
Portugal’s strenghts
Portugal, on the other hand, is renowned for its diversified economy, which includes a strong manufacturing sector, innovative technology firms, and a booming tourism industry. The country’s strategic location in Europe, along with its ports and advanced infrastructure, makes it an attractive destination for international trade and investment.
Potential for Future Relations
The potential for strengthening relations between Portugal and Kuwait is significant. Both countries can leverage their strategic locations and economic strengths to enhance trade and investment. Opportunities exist in renewable energy, technology transfer, and education. Portugal’s expertise in renewable energy technologies can support Kuwait’s goals of diversifying its energy sources and achieving sustainability targets. Conversely, Kuwaiti investments can further boost Portugal’s economic sectors, particularly in real estate and finance.
In modern times, Portugal and Kuwait have established robust diplomatic and economic relations. Portugal officially recognizes Kuwait’s sovereignty and maintains diplomatic channels through embassies and consulates. These relations have been strengthened through bilateral agreements and high-level visits, fostering cooperation in various sectors.
Economic Cooperation and Trade
Trade between Portugal and Kuwait has seen consistent growth, with both countries benefiting from their economic exchanges. Portugal exports a variety of goods to Kuwait, including machinery, pharmaceuticals, and food products, while Kuwait exports oil and petrochemical products to Portugal. The Portuguese Business Council in Kuwait (PBCKW) plays a role in facilitating business opportunities and fostering economic partnerships between the two nations. (The Observatory of Economic Complexity)
