Economic diversification is at the heart of Kuwait’s long-term development strategy, as is establishing the country as a gateway to the northern Gulf and Middle East. The industrial sector has a central role to play in this, as the state looks to develop export-oriented businesses that can supplement hydrocarbons income and broaden the revenue base. Under the Kuwait Development Plan (KDP) 2015...
Kuwait Industry
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The fall in oil prices led to significantly reduced government revenues for Kuwait in 2015. Despite this the country’s 2016 spending remained largely in line with previous years as the government opted to draw on its considerable financial buffers to help make up for budgetary shortfalls.
Articles & Analysis | Rest assured: A new health care provider will initially serve the expatriate community from The Report: Kuwait 2015
On December 31, 2014 every citizen in Kuwait became a partial owner of the Kuwait Health Assurance Company (KHAC), a new private sector provider of medical insurance. Some 1.15m shares of the company – worth around KD230m ($792.4m) in total paid-up capital – were eventually distributed among nationals by the Kuwait Clearing Company, which...
Articles & Analysis | "Demand for pharamceuticals rises as population ages in Kuwait " from The Report: Kuwait 2015
Kuwait is set to witness significant demographic changes over the coming decades, with far-reaching consequences for the local pharmaceuticals industry. High birth rates and continued immigration mean that the population is increasing in absolute terms and is set to reach 4m by 2020 and 6.3m by 2050, according to estimates by the UN’s Economic...
Interviews & Viewpoints | Ahmad Al Jemez, Chairman, Kuwait Aromatics Company: Interview from The Report: Kuwait 2015
What are Kuwait’s main advantages for increasing activity and growth in the petrochemicals sector?
Articles & Analysis | Diversification driving manufacturing growth in Kuwait from The Report: Kuwait 2015
As part of Kuwait’s efforts to expand and diversify its economy, the country has moved to invest in its infrastructure capacity, while a programme to boost oil production levels has stimulated growth in the petrochemical and construction segments. Alongside continued moves to improve the skills of the workforce, as well as to nurture small and...