With 6% of the world’s proven oil reserves and 1% of its natural gas, Kuwait had an estimated GDP per capita of $71,943 in power purchasing parity terms in 2017, according to the World Bank. This was the eighth-highest value for any country or autonomous region, putting it behind only Qatar, Macao, Luxembourg, Singapore, Brunei Darussalam,...
As the infrastructure schemes identified in Kuwait’s 2035 strategic plan are implemented, high-speed international passenger rail journeys from Boubiyan to Dammam and daily metro commutes from suburbs to commercial districts could be a feature of daily life as early as the 2020s. A national rail network has also been designed to connect to...
With major new development projects under way across all transport sectors, Kuwait is pouring billions of dinars into transforming its roads, ports and airports. The country’s medium-term objective is to capitalise on its strategic location in order to become the northern nexus of the Gulf, facilitating and profiting from flows of...
How would you characterise the development of port infrastructure in Kuwait compared to other countries in the Gulf?
In 2017 and early 2018 Kuwait’s insurance sector enjoyed growth on the strength of steadily rising premium, regulatory tweaks and forays by individual underwriters into a number of new market segments. Nonetheless, according to many stakeholders, the obsolescence of the country’s insurance law – which dates back to 1961, when Kuwait declared...
While advanced economies generate the vast majority of insurance and reinsurance business, emerging markets are posting higher rates of growth. Complementing this underlying trend is the strong and expanding interest in catastrophic risk, which by nature tends to pertain to emerging markets.
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