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Peru and Kuwait: Strengthening bilateral ties for mutual prosperity

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By Elmer Schialer, Minister of Foreign Affairs of Peru

In an international scenario marked by complexity and global challenges, strengthening bilateral cooperation is essential for shared sustainable development. As I reflect on the evolving relationship between Peru and Kuwait, I am filled with optimism about the future we can build together. Despite the geographic distance, Peru and Kuwait share a common vision rooted in economic cooperation. Our countries are united not only by rich histories but by a shared commitment to global integration and the principles of sustainable development.

Strategically located on the Pacific coast of South America, Peru serves as a gateway to regional and global markets. With a population of over 34 million and a territory spanning 1.28 million square kilometers, Peru stands out as a model of macroeconomic stability and a regional leader in trade and investment. In 2024, the country registered GDP growth of 3.3 percent, maintained inflation at 1.9 percent, and achieved record exports totaling $74.664 billion. This trade-driven growth is supported by 22 Free Trade Agreements and 32 Bilateral Investment Treaties. Peru’s resilience and openness make it an attractive destination for Kuwaiti investors.

In addition, Peru’s robust maritime infrastructure positions it as a key logistics hub in Latin America, ranking third in the region on the Maritime Transport Connectivity Index. The port of Callao continues to expand its capacity, while the inauguration of the port of Chancay will further integrate Peru into global supply chains and strengthen its strategic role in international trade.

This increased logistical integration is in line with Peru’s foreign policy, which is defined by its commitment to international law, economic integration and openness to the world. As a founding member of both the Andean Community and the Pacific Alliance, and as host of the APEC 2024 Forum, Peru has positioned itself as a key player in international economic cooperation. These attributes provide a solid platform for foreign investors, including Kuwaiti companies, to expand their economic and commercial presence in South America.

The bilateral relationship between Peru and Kuwait began in 1975 with the establishment of diplomatic relations. A milestone in strengthening these ties was the reopening of Peru’s embassy in Kuwait in 2011, marking a renewed commitment to bilateral engagement. Since then, economic and political cooperation has advanced, supported by the Political Consultation Mechanism, which facilitates dialogue and the negotiation of new agreements. Notable developments include the project of the Air Services Agreement, the project of the Promotion and Reciprocal Protection of Investments Agreement, and the project of the Avoidance of Double Taxation Agreement.

As I prepare to visit Kuwait, I do so with genuine anticipation and a deep sense of purpose. I am honored to represent Peru in a country known for its leadership, vision, and enduring commitment to progress. Kuwait’s “Vision 2035” resonates strongly with our own national development goals. We share not only economic interests — in infrastructure, energy, mining and agribusiness — but also a common desire to promote sustainable growth and food security for our people. I believe that this alignment creates a powerful foundation for a long-lasting partnership.

I am particularly inspired by the possibilities that lie ahead. Kuwait’s expertise and the global reach of institutions like the Kuwait Investment Authority offer immense potential for collaboration. I am convinced that by working together, we can create real impact — opportunities that translate into jobs, innovation, and better living conditions in both our nations.

Peru offers a wide portfolio of investment opportunities, particularly in infrastructure development and energy modernization. Key projects include the Southern Peru Integrated Gas Transportation System and Groups 2 and 3 of the 2025-2034 Transmission Plan in the energy sector; the Los Chancas and La Inmaculada mining projects; the National Fiber Optic Backbone Network in telecommunications; and, in infrastructure, the Pucallpa Port Terminal and the Hipólito Unanue National Hospital. For Kuwaiti investors, these large-scale initiatives represent unique opportunities to participate in public-private partnerships (PPPs), contributing to Peru’s economic transformation while ensuring stable and profitable returns.

Peru and Kuwait are forging a long-term relationship that goes beyond traditional diplomatic engagement. As I witness this growing partnership, I am deeply excited by the potential it holds for both our nations. This evolving bilateral relationship is grounded in economic complementarity, shared development goals, and a strong commitment to international cooperation. Peru wholeheartedly welcomes Kuwaiti businesses, investors, and policymakers to explore the many opportunities that this dynamic partnership offers. Together, both countries can unlock new economic frontiers and build a lasting framework for shared growth and prosperity.

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Zain showcases efforts in leveraging tech innovation to advance sustainability goals

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KUWAIT: Zain announced its sponsorship and participation in the Kuwait Sustainable Energy Week (KSEW), held in collaboration with the Ministry of Electricity, Water & Renewable Energy, and the Regional Center for Renewable Energy and Energy Efficiency (RCREEE). At the event, Zain showcased its efforts in leveraging technological innovation to support sustainability goals and reaffirmed its role as a strategic partner to the public sector in the transition toward a sustainable digital economy.

Zain took part in the opening ceremony, attended by the event’s patron, Dr Subeeh Al-Mukhaizeem, Minister of Electricity, Water & Renewable Energy, alongside Nawaf Al-Gharabally, CEO of Zain Kuwait, ministry officials, company executives, and a distinguished group of local and international experts in energy and sustainability. This participation came as part of Zain’s ongoing strategy to strengthen its presence in national initiatives aimed at reinforcing the principles of sustainability and digital transformation. The company firmly believes in the importance of harnessing modern technologies to serve Kuwait’s environmental and developmental objectives.

During the event, Zain hosted a dedicated booth at the accompanying exhibition, where it showcased a range of its latest ICT solutions that support sustainable goals. These included innovations in smart cities, smart meters, and other solutions that help reduce carbon footprint and enhance energy efficiency. The company’s support to this national initiative reflects its continued role as a strategic government partner in the transition toward a sustainable digital economy. It also highlighted Zain Group’s broader commitment to achieving net-zero emissions by 2050, in line with global and regional efforts to combat climate change.

Zain also took the opportunity to highlight its Smart Meters Project, launched in collaboration with the Ministry of Electricity and Water back in 2017. The project marked a key milestone in upgrading Kuwait’s energy infrastructure and paved the way for the adoption of further smart and sustainable solutions nationwide. The company reiterated its support for initiatives and projects that advance the future of clean energy and contribute to building a comprehensive national sustainability ecosystem. It emphasized that collaboration between the public and private sectors remains the optimal path to achieving the country’s sustainable development goals.

Zain has set strategic targets to reduce its carbon footprint and aims to reach carbon neutrality by 2050. To this end, the company continues to explore cutting-edge technologies such as 5.5G, artificial intelligence, and renewable energy, which can help minimize the environmental impact of the ICT sector. Reinforcing its commitment to sustainability and clean energy initiatives, Zain recently installed a solar panel setup at the outdoor car park in its headquarters. The initiative promotes the use of clean energy to contribute to powering the company’s buildings and reducing its carbon emissions.

Reaffirmed its role as a strategic partner to the public sector in the journey toward a sustainable digital economy

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Dust storms sweep across Kuwait; winds surpass 60 km/h

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KUWAIT: A massive dust storm hits Kuwait. Kuwait is currently experiencing strong northwesterly winds causing widespread dust storms, with wind speeds surpassing 60 kilometers per hour and visibility falling below 1,000 meters in several areas, particularly in exposed regions. - KUNA

KUWAIT: A massive dust storm hits Kuwait. Kuwait is currently experiencing strong northwesterly winds causing widespread dust storms, with wind speeds surpassing 60 kilometers per hour and visibility falling below 1,000 meters in several areas, particularly in exposed regions. – KUNA

KUWAIT: Acting Director of the Meteorology Department Dharar Al-Ali said Kuwait is currently experiencing strong northwesterly winds causing widespread dust storms, with wind speeds surpassing 60 kilometers per hour and visibility falling below 1,000 meters in several areas, particularly in exposed regions. Speaking to KUNA on Saturday, Al-Ali attributed the unstable weather conditions to the extension of a surface depression accompanied by a hot and dry air mass. This has led to rising temperatures, soil disintegration, and an increase in airborne dust.

He urged citizens and residents, especially those suffering from asthma and allergies, to wear protective masks when heading outdoors. Al-Ali also cautioned beachgoers about high sea waves, which may reach up to seven feet, and advised highway users to exercise extreme caution due to poor visibility. The official further called on the public to stay updated with the latest weather forecasts by following the Meteorology Department through its official website, mobile application, and social media platforms. — KUNA

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Gulf Housing Week focuses on sustainable development

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KUWAIT: The Public Authority for Housing Welfare (PAHW) announced that Kuwait will host the third edition of the Gulf Housing Week from May 18 to 22, under the theme “Real Estate Development for Sustainable Housing.” Deputy Director General for Public Relations and Development and official spokesperson of PAHW, Omar Al-Ruwaih, said in a press statement that the event comes as part of ongoing efforts by Gulf Cooperation Council (GCC) states to strengthen regional cooperation in the housing sector.

The initiative aims to enhance integration, address key housing challenges, and promote the exchange of expertise to support sustainability and improve quality of life across the region. Al-Ruwaih noted that the event will feature a wide range of activities, including panel discussions, a specialized exhibition, and the second edition of the Gulf Housing Hackathon, which will see the participation of male and female students from across the GCC.

He emphasized that the week’s agenda is designed to foster collaboration, encourage best practices in housing and urban development, and highlight the latest technologies supporting sustainable housing solutions. The event will commence with the 47th meeting of the GCC Technical Committee on Housing Affairs. The following day will see the official opening ceremony and the inauguration of the accompanying exhibition. On May 20, the 26th meeting of senior housing officials will be held, culminating on May 22 with the 23rd meeting of GCC Ministers Responsible for Housing Affairs.

Al-Ruwaih stressed that Gulf Housing Week seeks to encourage public-private partnerships, promote innovative and sustainable housing initiatives, and contribute to the development of integrated, safe residential environments for GCC citizens. A series of panel sessions will take place over three days, covering topics such as real estate development prospects in Kuwait, public-private partnerships in PAHW projects, and financing strategies for sustainable housing. Discussions will also address smart applications in Gulf housing projects, technological innovations, and solutions to housing challenges faced by the region. — KUNA

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