Kuwait

Within the purview of the legal arena, 2016 has been remarkable for Kuwait. The year brought a raft of regulatory changes in a bid to harmonise commercial objectives with the international vista; the most notable of these changes being those surrounding Kuwait’s mercantile sphere, an area often at the centre of discussions for reform and...

The question on the mind of many observers is what is next for tax in Kuwait and how will international tax regulations and practices impact business in Kuwait? As an expected outcome of the current economic changes, the geopolitical situation, the Arab Spring and the dramatic drop of oil prices, the GCC region has introduced new reforms. The...

Over the last five years Kuwait’s health care industry has gained significant momentum, adequately responding to rapid population growth by simultaneously addressing capacity constraints and improving the quality of health infrastructure.

Across the health care sector, infrastructure projects worth more than KD1.5bn ($5bn) are under way in Kuwait. The government is the largest service provider, currently representing around 90% of the market in terms of hospital bed numbers and facilities, and the state is working in accordance with the national plan to adopt the World Health...

Driven by rapid urbanisation, the influx of the expatriate workforce, and a rising population of the young and affluent, Kuwait’s retail industry has grown dramatically over the past 10 years. High GDP per capita and the growing popularity of modern retail concepts and formats have also helped to position the country as a major hub for global...

In September 2016 Mohammad Al Ajmi, director-general of the Public Authority for Industry, announced plans to boost Kuwait’s industrial output by 25% in the coming years. Although the state controls nearly 101bn barrels of proven crude deposits, the drop in oil prices has compelled the government to push ahead with a host of economic reforms...