Economy

With billions of dinars worth of short-term spending plans and a new vision for economic transformation over the next two decades, Kuwait offers opportunities for investment across a range of sectors. While the country adopted a save and prosper approach during the oil boom years of 2010-14, the prolonged reduction in oil prices experienced since then has coincided with a renewed appetite for investment and reform that bodes well for private sector players. Funding mechanisms such as public-private partnership agreements, as well as capital projects funded by state-owned enterprises, are set to provide opportunities for international firms with the government actively seeking to attract foreign direct investment and highlighting the ICT, renewable energy and finance as sectors it would like to see developed by using international expertise over the following two decades.

This chapter contains interviews with Khaled Mahdi, Secretary-General, Supreme Council for Planning and Development and Sheikh Meshaal Jaber Al Ahmad Al Sabah, Director General, Kuwait Direct Investment Promotion Authority.