On April 6, Kuwait and China discussed promoting the digital economy during a virtual forum, with the aim of enhancing cooperation in several fields to achieve the interests of the two countries and meet aspirations of their peoples. Based on the intent to diversify its economy, Kuwait sees a digital economy as one of the most important applications in which to further invest.
Based mainly on oil, Kuwait economy is suffering due to the drastic decrease in oil prices that was witnessed during the past period, which led to a deficit in its budget. Diversification of the economy will reduce dependency on oil and contribute to enhance its economy and therefore increase its revenue through developing more projects providing more jobs for Kuwaitis. For China, the move will boost cooperation with Kuwait and expand its business in the Gulf countries.