What areas of bilateral trade are most attractive for Kuwaiti and Hungarian investors?
The Middle East Economy
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Articles & Analysis | One from many: The GCC has become a catalyst for collaboration and mutually beneficial development from The Report: Kuwait 2013
In a speech delivered at a conference in Riyadh in early May 2012, Abdullatif bin Rashid Al Zayani, the secretary-general of the GCC, addressed the numerous changes that have taken place in the region in recent years. “The new political, security and military challenges, at the regional and international levels, as well as insecurity in the Arab...
The Guide features a rundown of Kuwait City’s leading hotels and contact information for various institutions, including government ministries, foreign consulates and embassies, emergency services, tourism companies and local media. This chapter also includes information on society and etiquette, language, transport and visas for business visitors.
The economic outlook appears broadly positive in the short to medium term, with production of oil, the backbone of the economy, reaching 2.8m bpd in 2012 and continued budget surpluses forecast for 2013/14. Spending linked to the National Development Plan should help to support the expansion of the non-oil sector, particularly via planned investments in infrastructure and industry. This chapter...
Chapter | Country Profile from The Report: Kuwait 2013
Estimated to possess some 6% of the world’s proven oil reserves, Kuwait’s oil and gas industry promises to play a critical role in the economy for years to come. The nation is not however resting on this alone, and it is now pursuing a programme of economic diversification that is set to re-energise the private sector. The Kuwait Development Plan is a $107bn, 20-year programme aimed at achieving...
Oil production retains its key role in the economy, however plans are under way to encourage diversification away from hydrocarbons towards an economy that is more knowledge based. The political climate has been characterised of late by a number of disputes, often resulting in either the resignation of the government or the dissolution of parliament, which has contributed to the slow progress of some projects.