FULL OVERVIEW
As the world starts to emerge from the Covid-19 lockdown, and businesses reassess their investments, Kuwait is reigniting its transformation agenda. |
The country is focussing on developing into a financial and commercial centre, promoting opportunities for the private sector. New laws on foreign investment and public-private partnerships have proved popular with investors. Other developments include opening the stock market to non-Kuwaitis, the entry of foreign firms into key sectors and the promotion of its Vision 2035, a seven pillar programme that aims to secure the future through economic sustainability. |
Despite these advances, challenges remain. The 2020 collapse in the price of oil – a key source of export revenues – has put pressure on the country’s finances. And if it is to achieve its transformation objectives, investors say they want the country to improve education and skills development, reduce labour regulations, enact policies and cut red tape to make setting up a business easier. |
FDI from the services sector has overtaken oil and gas in the country, and investors from the software and IT services, finance and banking, healthcare, construction, renewable energy, smart city and logistics sectors are discovering opportunities in Kuwait. |
Financial Times Live, fDi Intelligence and Kuwait Direct Investment Promotion Authority (KDIPA) present Investing in Kuwait. This digital dialogue is the third in a series of briefing events being held in London, Silicon Valley and online. |
Join us to learn about investing in the country; engage with business leaders who are already operating in Kuwait, and find out from experts in the region about the post-Covid business environment and opportunities available. |
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