Economy

Chapter | Trade & Investment from The Report: Kuwait 2022

Kuwait’s trade and investment profile has long been dominated by oil, with revenue from its vast reserves used to fund overseas investment, generating sustainable long-term returns and safeguarding future prosperity. As Kuwait emerges from the disruption of the Covid-19 pandemic with robust public finances and a new government in place following elections in September 2022, it has an opportunity to drive forwards projects that diversify exports and attract inward investment in high-potential industries. Kuwait has a long-established legal framework that governs public-private partnerships, which could potentially play a key role in the country’s broader efforts to widen the scope of private sector participation in the economy under the direction of New Kuwait 2035.

This chapter contains an interview with Sheikh Meshaal Jaber Al Sabah, Director-General, Kuwait Direct Investment Promotion Authority.

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Language

Arabic is the official language, although English is widely used and understood. It is relatively easy to get around using just English, and many business meetings are conducted in this language. Any correspondence with government offices should be sent in Arabic. Other widely spoken languages include Hindi, Farsi, Urdu and Filipino.

Articles & Analysis | Hotel options in Kuwait from The Report: Kuwait 2022

CROWNE PLAZA KUWAIT AL THURAYA CITY

Airport Road, Kuwait City 81006
T: +965 1848 111/ 2473 2100
www.crowneplaza.com/Kuwait
reservation.atc@ihg.com

Rooms: 207 rooms.

Business & Conference Facilities: 13 meeting rooms and five...

To leverage its location and proximity to major Gulf markets, Kuwait plans to develop economic zones to attract investment, and support trade and industry clustering. While trade was temporarily disrupted by the Covid-19 pandemic, exports rebounded significantly in 2021. The Middle East currently accounts for a large portion of Kuwait’s external trade, with the UAE and Saudi...

Kuwait benefits from an advantageous location in the Northern Gulf that provides convenient access to major markets in Europe and Asia. The country’s trade and investment profile has long been dominated by oil, with revenue from its vast reserves used to fund overseas investment, generating sustainable long-term returns and safeguarding future prosperity. As Kuwait emerges...

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