The Dubai Department of Economic Development (DED), represented by the Business Registration and Licensing (BRL) sector, and the Kuwait Business Council in Dubai and the Northern Emirates, signed a Memorandum of Understanding (MoU) to enhance bilateral relations and create opportunities for developing Kuwaiti projects managed through social media websites, in addition to exploring business opportunities in Dubai and the UAE. This is part of DED’s commitment to facilitate and enable businesses, especially from the GCC countries, to address any challenges in setting up business in Dubai.

The agreement was signed by Omar Khalifa, Deputy CEO of BRL, and Luma Jassim Bourisly, Chairwoman of the KuwaitBC, in the presence of officials from both entities.

“Our partnership with the Kuwait Business Council aims at strengthening relations with our Kuwaiti brothers who are seeking business opportunities in Dubai and encouraging Kuwaiti companies to provide special packages and offers to holders of DED Trader licenses. As per the MoU, DED will provide Kuwaiti businessmen with information and opportunities related to the DED Trader or the Instant License, in accordance with the laws and regulations regarding the support to GCC citizens. We will also provide logistic support for joint events, raise awareness on the benefits of licences for the Kuwaiti business community, and encourage business owners to acquire licenses, as well as to facilitate communication with Kuwaiti businessmen or stakeholders, when in need to arrange visits to Kuwait,” said Omar Khalifa.

Luma Jassim Bourisly, the KuwaitBC Chairwoman, said: “The KuwaitBC is pleased to start the New Year by building partnerships that bring qualitative improvement to Kuwaiti projects, especially since the number of Kuwaiti companies, that are granted the Trader license and manage their business on social media websites, has reached 11. We look forward, through this partnership with the DED, to strengthen the opportunities of success and development for creative Kuwaiti projects in Dubai, by facilitating procedures, and open the way for Kuwaiti companies wishing to provide their supportive and logistic services to holders of DED Trader licenses in Dubai”.

The agreement covers cooperation and coordination to organise joint awareness events and campaigns in Kuwait or in Dubai on the “DED Trader”, “Instant License”, and other DED business registration and licensing initiatives.