OUR BLOG
STATE OF KUWAIT
BILATERAL RELATIONSHIPS
When last year the Real Estate Rental Society “Dipos” celebrated 60 years of business and 60 years of the Diplomatic Colony in Dedinje with a series of events, a solemn ceremony was held at the Society’s headquarters, during which the Society’s director, Mr. Đoko Krivokapić, planted a tree of friendship with 10 ambassadors of Arab countries in the Republic of Serbia, among whom was the ambassador of the State of Kuwait, H.E. E. Mr. Faiz Majbel El Muteyri, which was a special honor for our Society.
Bilateral cooperation
Political relations between the State of Kuwait and the Republic of Serbia are good and are developing on an upward trajectory.
The economic relations between the two countries were very developed until 1990, and cooperation took place primarily in the area of investments, since our companies built significant infrastructure facilities such as military hospitals, complexes of ministry buildings and towers that became a symbol of Kuwait, as well as in the domain defense. Today, cooperation mainly takes place through sporadic commodity exchange of a modest scale, although there are significant opportunities for the development of investment, military and financial-banking cooperation.
The State of Kuwait confirmed its friendly relations with the Republic of Serbia with emergency aid in the amount of 1 million USD, sent to rehabilitate the damage caused by the large floods that hit the Republic of Serbia in May 2014. From the donation, 25 houses were built in flood-affected areas.
The State of Kuwait confirmed its friendly relations with the Republic of Serbia with emergency aid in the amount of 1 million USD, sent to rehabilitate the damage caused by the large floods that hit the Republic of Serbia in May 2014. From the donation, 25 houses were built in flood-affected areas.
A fortress built by the water
The State of Kuwait is a small constitutional monarchy on the coast of the Persian Gulf, and its name actually means “fortress built by the water”. It is a desert country with nine islands, and the only country in the world without a natural lake or water reservoir. That is why there is no potable running water, but industrial water is obtained through desalination. And yet, with 10% of the world’s oil reserves, Kuwait ranks as one of the richest countries in the world.
History
The first mention of Kuwait under the same name dates back to the 16th century when several Bedouins from the Al Aniza tribe migrated to the northern part of the shores of the Persian Gulf from central Arabia.
Today’s rulers of Kuwait are descendants of the ruler of Sabah the First, who was then elected by the community. The ruler’s duty was to perform all state functions from diplomacy to tax collection, which was a precedent, because until then other Arab countries were governed authoritatively.
History records that at the beginning of the 18th century, the local population of Kuwait devoted itself to the sale of pearls, which made the country famous all over the world, but when Japan overtook it in exporting this precious commodity, Kuwait suffered a great economic blow and soon became a British protectorate.
However, British financial investment and the discovery of oil transformed Kuwait from an economically unstable protectorate into the largest oil exporter in the Gulf and the first country in the region to gain independence from Britain in 1961.
Politics
Kuwait is a constitutional monarchy and has the oldest democratically elected government among the Gulf states. Although the head of state is the emir, whose title is handed down through generations and who appoints the prime minister, parliament has the power to remove any cabinet member from office through a series of constitutional procedures. According to the constitution, a new prince nominated by the ruling Emir family must also be approved by parliament.
It is interesting that until 2005, only 15% of the total population of Kuwait had the right to vote, while women, citizens who obtained citizenship less than 30 years ago and members of the army were deprived of that right. When the parliament adopted the law according to which women can vote, then Prime Minister of Kuwait Sheikh Sabah IV el Ahmed el Jabir el Sabah announced the election of the first female minister, dr. Masumeh Mubarak, to the position of Minister for Administrative Development of Internal Affairs, which was a significant step in the equality of women and men in a rather conservative state.
ID card
The population of this country is 4.5 million, of which 3.2 million are foreign citizens. The largest number of inhabitants live in the capital of Kuwait, as well as in Jahra. The official language is Arabic, although English is spoken by a large part of the population, while the official currency is the Kuwaiti dinar, one of the most valuable currencies in the world.
A special symbol of the capital city are the Kuwait Towers, towers made of reinforced concrete. The main of the three towers is 187 meters high, and houses a restaurant that rotates and turns a full circle in half an hour. The second tower is 145.8 meters high and serves as a water tower, while the third serves to monitor the lighting of the other two towers. Kuwait Towers was built by the company “Energoprojekt” from Belgrade.
Souk Al Mubarakeya has always been a center of commerce. Many consider it the treasure of the Middle East because here you can buy silk Persian carpets, Arab antiques, jewelry, clothes, food and perfumes, while for lovers of sandy beaches and diving, the Al Kout beach, which is almost 500 km long, is an ideal place for a vacation.