Nestled between Iraq and Saudi Arabia in the northwest corner of the Gulf, Kuwait has been a leader of Arab democracy and one of the most liberal nations within the GCC since the country gained independence in 1961. Economically, the country also has a bright future, with strong public finances, a young and well-educated population and vast oil deposits.
Now, as it attempts to transform itself into a regional centre of retail as well as culture, the country is entering a challenging period in its history, one which will have a profound impact on its long-term growth prospects. Since gaining independence in 1961, Kuwait has been one of the most economically productive and politically liberal nations in the Gulf Cooperation Council (GCC) and the wider Arab world. With strong public finances, a young and well-educated population, and vast oil deposits, the country also has a bright future in the global economy, where it looks set to play a more assertive and influential role.
Qais Al Nisf, Managing Partner, BDO, on post-financial crisis auditing
Moritz Kraemer, Managing Director and Head of EMEA Sovereign Ratings, Standard & Poor’s, on Kuwait’s rating upgrade
Emir Sheikh Sabah Al Ahmed Al Jaber Al Sabah on 50 years of independence and a renewed pledge for democracy
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