I. NEW COMPANIES LAW: On November 29, 2012 Kuwait received welcome news through publication in the Kuwait Official Gazette that the highly anticipated New Companies Law (NCL) had been issued as Law No. 25 of 2012. Amendments to the NCL were also recently introduced as they were passed by Kuwait’s...
The construction industry is widely expected to be one of the principal beneficiaries of Kuwait’s portfolio of KD30bn ($107.14bn) in large projects first proposed in 2010. With an evident determination by Kuwait’s latest parliament to implement key components of the National Development Plan (NDP), confidence is building within the sector, which is...
Situated between Saudi Arabia, Iraq and Iran, at the very top of the Gulf, Kuwait is in a strategically advantageous location and has the capacity to act as an important logistics conduit for its northern neighbour, Iraq. Determined to realise this potential, the government has committed to developing a portfolio of transport infrastructure that...
The industrial sector is looking forward to the substantial growth opportunities presented by a number of development projects announced by the government in February 2010. Many hope that 2013 will see progress accelerate on these projects after a number of delays, primarily the result of tensions between parliament and the Cabinet. While challenges...
Breaking ground in 2013 on a new, 130,000-sq-metre terminal building, the Kuwait International Airport (KIA) is at the forefront of a major national overhaul of transport infrastructure. This is intended to renew the nation’s international transport credentials, improve its image, and encourage greater economic diversification in the hydrocarbons...
For retailers banking on a population with high per-capita spending capacity, Kuwait remains a destination of choice. Catering to an increasingly sophisticated and demanding consumer demographic, Kuwait’s mall culture is currently at the forefront of a resilient and growing retail sector that continues to draw the interest of both international...
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