Ambassador of Türkiye to Kuwait, Tuba Nur Sonmez, at a reception organized by the embassy with the attendees
KUWAIT CITY, Sept 30: Ambassador of Türkiye to Kuwait, Tuba Nur Sonmez, has said that there are 427 Kuwaiti companies currently operating in Türkiye, with Kuwaiti investments exceeding two billion dollars, and that the volume of trade exchange between the two countries reached approximately 700 million dollars in 2024. In her speech at a reception organized by the embassy to mark the visit of the President of the Investment and Finance Office at the Turkish Presidency Ahmet Burak Daglioglu, Ambassador Sonmez stressed that the leadership of both countries places great importance on enhancing bilateral relations, which gained new momentum following the visit of His Highness the Amir Sheikh Meshal Al- Ahmad Al-Jaber Al-Sabah to Türkiye last year. She explained that His Highness’s visit to Ankara witnessed the signing of several agreements in the fields of bilateral trade, defense industry, and investment. Cooperation between the two countries covers various sectors, including trade, defense, tourism, and investment. Turkish President Recep Tayyip Erdoan met with His Highness the Crown Prince Sheikh Sabah Khaled Al-Hamad Al-Sabah on the sidelines of the 80th session of the United Nations General Assembly.
Also, the Turkish Embassy has hosted many high-level Turkish officials over the past two years, including Minister of Trade Ömer Bolat and Minister of Treasury and Finance Mehmet imek, who held meetings and events with the Kuwaiti business community. Ambassador Sonmez affirmed that Turkiye and Kuwait are partners in all fields, based on their shared history, religious and cultural affinity, as well as common values, visions, and vibrant business communities, which are the most important pillars upon which bilateral relations are built. She clarified that the current volume of trade and investment figures does not fully reflect the depth of the relationship, affirming the mutual need to connect the business sectors of both countries, build new bridges, and strengthen dialogue. The ambassador said the visit of the Head of the Investment and Finance Office presents an opportunity to unlock joint potential, build new partnerships, undertake bold investments, and shape a future driven by mutual growth.
Meanwhile, Head of the Investment and Finance Office at the Turkish Presidency Ahmet Burak Daglioglu, on the sidelines of the reception, revealed that the visit was aimed at meeting investors, exploring available opportunities in various economic sectors, and encouraging them to invest capital, especially given the existing collaboration between the Investment Office and many Kuwaiti investors in Turkiye. He affirmed that the office supports most Kuwaiti companies with investments in Türkiye. During his visit to Kuwait, Daglioglu toured the headquarters of those companies, met with their owners, and explored opportunities to expand cooperation, particularly as the office reports directly to the Presidency. He stressed that the office aims to attract more capital in new sectors such as insurance, technology, and financial services, in addition to the traditional sectors that have long seen investment in Türkiye, such as the banking sector, particularly Islamic finance. Daglioglu emphasized that supporting entrepreneurs in the technology sector is a top priority for the office, as is assisting Kuwaiti youth in establishing their tech ventures in Türkiye, given its advanced digital infrastructure, adding that the office also helps them overcome most bureaucratic hurdles related to obtaining licenses.
By Fares Ghaleb Al-Seyassah/Arab Times Staff and Agencies