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Islamic banking in Kuwait sees green finance expansion
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Kuwait is one of the largest Islamic finance markets in the world, hosting five Islamic banks and one foreign Islamic bank, eight Islamic investment companies, one Islamic finance company and 14 takaful (Islamic insurance) companies. These segments have seen strong growth since the Covid-19 pandemic and have capitalised on the rapid global expansion of Islamic finance, with sharia-compliant banks…

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Kuwait's new legislation drives insurance uptake
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Kuwait’s insurance sector is characterised by the strong presence of several key players and the entry of new competitors in a relatively compact market. While Kuwait’s insurance sector has historically maintained a smaller scale than its GCC counterparts, in recent years a new law and several policy amendments have spurred industry growth. The introduction of compulsory insurance requirements…

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Kuwaiti capital markets boost investment appeal with new technologies
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Despite global economic volatility and uncertainty in recent years, Kuwait’s capital markets have demonstrated continued resilience and adaptation. Innovative products are set for launch, along with a new central counterparty (CCP) system. The system should put Kuwait more firmly on global investors’ maps, and it will launch alongside a new platform for trading bonds, sukuk (Islamic bonds) and…

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New technology in Kuwait's energy sector creates investment opportunities
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Kuwait’s upstream oil activities and crude oil exports are the central pillars of the country’s economy. In recent years the government has embarked upon an economic diversification drive to reduce vulnerability to oil price volatility and generate sustainable longterm growth. Nevertheless, infrastructure expansion works are taking place, or have recently been completed, at each stage of the hydrocarbons…

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Kuwait's transport and logistics infrastructure projects unlock economic potential
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The strengthening of Kuwait’s transport and logistics sector is central to the government’s overall diversification drive, as it underpins activity across the economy. Major infrastructure developments are taking place throughout the sector with more in the pipeline, as the relevant authorities and entities work to boost passenger and freight capacities. Some projects have stalled in recent years…

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Kuwait's infrastructure projects drive construction and long-term diversification
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Kuwait’s construction and real estate sectors are significant contributors to the country’s economy, propelled by government initiatives, private investment and the country’s robust oil wealth. New Kuwait 2035, the country’s long-term plan for economic diversification and sustainable growth, elevates the sectors’ importance with the intention of increasing the quantity and quality of infrastructure…

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How Kuwait's development plans and mega-projects enable industrial growth
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Kuwait’s industrial sector has remained resilient despite recent local and global economic headwinds. The country’s manufacturing base was buffeted by the global Covid-19 pandemic and the impact of measures to counter it. Disruptions in supply and production chains were then further exacerbated by geostrategic uncertainty and conflicts. Despite all this, Kuwait’s industrial sector continues…

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Kuwait pursues initiatives to boost foreign investment in local start-ups
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The New Kuwait 2035 long-term development plan focuses on reducing the country’s oil dependency by fostering economic diversification and building up the private sector. Among other priorities, the plan seeks to establish the country as a prominent global ICT centre. This goal involves prioritising work on digital infrastructure to elevate the country’s global standing. Kuwait’s commitment to…

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Kuwait is improving quality of education and health care, and local talent
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Kuwait’s education landscape is poised for notable change as the sector awaits the publication of a new national education development plan designed to align learning outcomes with the evolving needs of the economy. The 2023 education budget, allocated 11.5% of total expenditure, underscores a commitment to quality improvement in line with the objectives of New Kuwait 2035, the country’s long-term…

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Where to stay in Kuwait
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HOLIDAY INN & SUITES SALMIYA 140 Hamad Al Mubarak Street Salmiya 22003 T: +965 2576 0000 www.holidayinn.com/Kuwait hik@ihg.com Rooms: 189 rooms and suites, and 92 residential apartments. Business & Conference Facilities: 20 fully equipped meeting rooms, two ballrooms with a maximum capacity of 350 people, a business centre and a club lounge. Health & Leisure Facilities: 24-hour fitness…