- Aims to promote cross-border trade
- Chambers of commerce announcement
- Trade high but investment low
Saudi Arabia and Kuwait have launched their first private business body with the aim of promoting cross-border investment and increasing trade.
The chambers of commerce in the two countries, which are members of the six-nation Gulf Cooperation Council, made the joint announcement after the first meeting of the new organisation in Saudi Arabia at the weekend.
Trade between Saudi Arabia and Kuwait has remained high in recent…