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...
When Kuwait raised $8bn in its first international bond sale in March 2017, Deputy Prime Minister Sheikh Jaber Al Mubarak Al Hamad Al Sabah said the country intended to be a prudent borrower, and it can afford to be. Kuwait’s economy may be dominated by oil, but it can tolerate a lower fiscal break-even price for the commodity than any of its...
What role can foreign companies play in helping Kuwait shift to a more diversified economy?
How is the council enhancing integration between the public and private sectors in the Kuwait Development Plan 2015-20?
Although Kuwait’s economy is dominated by hydrocarbons, it is non-oil activity, alongside the rebound in crude prices experienced since January 2016, that is driving growth forecasts. National Bank of Kuwait estimated overall real GDP growth of 3.6% in 2016, and forecast growth of 1.7% in 2017 and 2.7% in 2018, while in the non-oil sector it...
A far-reaching vision for New Kuwait 2035 was unveiled in 2017, the aim of which is to develop the country into a cultural centre, a financial hub, a world-leading manufacturer of petrochemicals, a focal point for foreign investment, and a place for knowledge transfer in renewable energy and IT by 2035. Sheikh Mohammad Abdullah Al Mubarak Al...
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