This chapter contains an outline of the legal framework in which local and foreign investors operate. It also contains information on the new companies law, regulations regarding the conduct of boards of directors and moves to protect minority shareholders. This chapter also contains an interview with Alex Saleh, Partner, Al Tamimi & Co.
With a growing population and a rise in the incidence of non-communicable diseases placing greater demands on health services, efforts are being made to boost capacity in Kuwait’s health care services. As some $3.2bn in projects are planned, the private sector can look forward to a greater number of partnerships with the government. Efforts to tackle lifestyle diseases will intensify,...
Kuwait’s public education system now enrols some 60% of the nation’s nearly 600,000 pupils, although private education continues to be popular. To address the demand currently putting pressure on tertiary institutions, a second public university is set to open in 2015. Meanwhile, public institutions are seeking to address the nation’s deficiencies in research and development, while at the same...
As one of the world’s most affluent societies, Kuwait is home to a growing and diversifying retail sector. With strong economic fundamentals and a steady increase in consumer purchasing power, retail in Kuwait is on a sure foundation. On the back of this, mall space is set to expand, as is the food and beverages segment, driven by the prosperous and young generation that is boosting spending...
Efforts to diversify the economy away from hydrocarbons have helped drive industrial development. Non-oil GDP saw 10% growth in 2012, and during the 2006-12 period, manufacturing made up an average of 6.4% of GDP a year. Land, transport and electricity prices are currently the main challenges in growing this sector, but efforts are being made to overcome these issues. In early 2013, the...
As the first GCC nation to break its single-operator monopoly, Kuwait’s telecommunications industry has evolved over the past 15 years into one of the region’s most mature, competitive and technologically advanced. The private sector has invested heavily in the latest mobile technology, including 4G LTE, and LTE-Advanced (LTE-A), with these services moving to replace the state’s dwindling...
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