The Georgian government plans to strengthen economic cooperation with Kuwait, with a Joint Committee for Economic Cooperation between the two governments currently being established.
A decree signed by GD Prime Minister Irakli Kobakhidze on September 29 outlines the launch of negotiations through an exchange of notes to adopt a Memorandum of Understanding on the establishment of the joint committee.
While the exact timeline and focus areas of cooperation have not yet been disclosed, the Ministry of Economy has been approached for details.
Earlier this year, in February 2025, Kobakhidze met with Kuwait’s Prime Minister Ahmed Al Abdullah Al Ahmed Al Sabah. Discussions focused on expanding trade and investment ties, with emphasis on opportunities in tourism, real estate, and energy. The Georgian side highlighted the country’s favorable business environment and growing tourism sector as priority areas for cooperation.
Trade between Georgia and Kuwait remains modest but has shown some growth in 2025.
From January to August 2025, bilateral trade totaled $1.58 million, up from $1.02 million during the same period in 2024. However, the figure remains below the $2.6 million recorded in 2023.
Exports make up almost the entire trade volume ($1.55 million), with live sheep and goats accounting for the largest share.
Top-5 Georgian exports to Kuwait (Jan–Aug 2025):
- Live sheep and goats – $801,800
- Ready-made binders for foundry molds – $482,600
- Medical and veterinary instruments – $93,200
- Preserved fruits and plant products – $55,800
- Sugary mineral and aerated waters – $45,500
Imports from Kuwait remain negligible, totaling $34,100. Georgia mainly imported passenger cars ($21,000) and metal fencing materials ($10,000) this year.
Tourism from Kuwait has declined by 14.6%, with 9,423 visits recorded in the first half of 2025, compared to 11,032 in the same period last year.
Kuwait does not currently appear among Georgia’s foreign direct investment (FDI) partners, indicating minimal capital inflows from the Gulf state.
Despite the modest trade figures, the establishment of the joint economic committee is expected to lay the groundwork for deeper investment cooperation between the two countries.
