The potential benefits a privatisation strategy offers to Kuwait are similar to those experienced in other jurisdictions, especially the possibility of increased foreign direct investment (FDI), the potential to reduce public spending and greater tax revenues. Other significant advantages include improved sector efficiency, encouraging Kuwaiti...
A landmark flight from Baghdad that touched down in February 2013 at Kuwait International Airport looks set to usher in a new era of stronger economic ties between the two Gulf neighbours. The resumption of direct air travel between Iraq's capital and Kuwait, which is building on a steadily rising flow of traffic between the two countries, is good...
The discovery of Kuwait’s Burgan oilfield in 1938 set the state on a path of development that has made it one of the richest nations in the world, and its buoyant oil revenues, years of budget surpluses, and a young and growing population combine to underwrite the nation’s future economic expansion. Alongside Qatar and the UAE, Kuwait boasts the...
In the decade since the passage of Kuwait’s foreign direct investment (FDI) legislation, the nation has worked to capitalise on the numerous advantages it offers investors from beyond its borders. These include: its location between Iraq and Saudi Arabia; a relatively open economy with a thriving merchant class; one of the most vocal and democratic...
Boosting economic integration among the Gulf states has been a key component of the GCC since the organisation was established in late May 1981. Indeed, while the six countries that make up the GCC – namely Bahrain, Kuwait, Oman, Qatar, Saudi Arabia and the UAE – have implemented joint projects in a wide variety of sectors, economic cooperation...
A global giant among oil-producing nations, Kuwait’s economic and industrial fortunes over the past half-century have demonstrated both the nation’s prowess and resilience since independence in 1961, delivering one of the highest GDPs per capita in the world. In parallel, the emirate is also host to the region’s most politically liberal and...
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