• Economy

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Amid a challenging year for the global economy, which navigated inflation, conflict, climate-related extreme weather events and supply chain disruptions, Latin America and the Caribbean showed resilience in 2022.

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


Airport Road, Kuwait City 81006
T: +965 1848 111/ 2473 2100

Rooms: 207 rooms.

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


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.

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...

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...

In the first high-level meeting of the World Trade Organisation (WTO) since 2017, representatives from member countries met in Geneva in June 2022 for the 12th Ministerial Conference, where they signed a landmark series of agreements on food exports, illegal fishing, intellectual property (IP) rights for Covid-19 vaccines and Customs duties on electronic transactions.

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