Kuwait Economic Snapshot 2025
Click here to read our Kuwait Economic Report and Investment Analysis 2025 online …
Kuwait Economy Sector Research Highlights
Kuwait Economy Sector Research Highlights
Sheikh Meshaal Jaber Al Sabah, Director General, Kuwait Direct Investment Promotion Authority: InterviewOBGplus
Interview: Sheikh Meshaal Jaber Al Sabah, Director General, Kuwait Direct Investment Promotion Authority, on strengthening resilience by building a broader base of non-oil revenue sources How are trade and investment playing a role in accelerating Kuwait’s economic diversification? SHEIKH MESHAAL JABER AL SABAH: Trade and investment are central to Kuwait’s economic transition. Efforts to modernise…
Abdullah AlTerkait, Chairman, Al Safat Investment Company: InterviewOBGplus
Interview: Abdullah AlTerkait, Chairman, Al Safat Investment Company, on strengthening market liquidity and investor confidence Where do you see the most promising investment opportunities emerging across non-oil sectors? ABDULLAH ALTERKAIT: Regulatory innovation, such as Kuwait’s financial technology (fintech) sandbox, has accelerated digital finance solutions and enabled fintechs to scale and…
Emerging markets see shift towards sustainability policiesOBGplus
Impact investment – designed to generate tangible social and environmental benefits alongside financial returns – presents promising risk-adjusted prospects. This type of investment not only provides value for investors, but can also greatly advance the UN 2030 Sustainable Development Goals. According to the Global Impact Investing Network (GIIN), the impact investing market has experienced substantial…
GCC pursues taxation reforms to strengthen revenue streamsOBGplus
Since gaining independence at various points during the 20th century, the GCC countries – Bahrain, Kuwait, Oman, Qatar, Saudi Arabia and the UAE – have maintained a fiscal model built on oil revenue and a low- to no-tax environment. Historically, hydrocarbons revenue allowed GCC governments to fund public spending without excessive taxation, relying instead on oil and gas wealth to fund public…
IMF forecasts economic growth with Kuwait’s non-oil sectorOBGplus
Kuwait’s ambition to diversify its oil-based economy away from hydrocarbons has been in place for more than two decades. Although the ambition predates the launch of New Kuwait 2035 in 2017, the long term development blueprint represents the most comprehensive and far-reaching attempt yet to move beyond oil and fast-track growth in the other areas of the economy. Although efforts are beginning to…
GCC targets policies for sustainable employment growthOBGplus
GCC countries have been actively pursuing workforce nationalisation policies to reduce their reliance on expatriate workers and create sustainable employment opportunities for their growing local populations. Proactive Measures In Qatar, the workforce nationalisation rate stood at 19% in 2022, with a goal to increase this to 20%, as per the Qatarisation Policy of 2013. The country is currently accelerating…
Kuwait targets energy and economic diversificationOBGplus
Kuwait, located at the north-western tip of the Arabian Gulf and sharing borders with Saudi Arabia and Iraq, blends political tradition with economic weight. Governed as a constitutional monarchy under the leadership of a hereditary emir, the country is both a founding member of the GCC and the Organisation of the Petroleum Exporting Countries (OPEC). Its Parliament, the oldest directly elected body…
Kuwait’s economic resilience grows as non-oil activity risesOBGplus
Kuwait is continuing its efforts to transform the economy and diversify away from hydrocarbons. Guided by its ambitious long-term policy blueprint, New Kuwait 2035, the country’s efforts are centred on boosting private sector participation, digitalising key aspects of the economy and rolling out major new infrastructure investment. With renewed momentum under Emir Sheikh Mishal Al Ahmad Al Jaber…
Innovation and digitalisation drive Kuwait’s diversificationOBGplus
Although Kuwait’s economy remains largely reliant on the hydrocarbons sector, diversification through trade and investment is a key conduit for growth in the near-term. In recent years, the government has pursued an ambitious diversification agenda under its New Kuwait 2035 vision, which aims to bolster non-oil growth in infrastructure, logistics, financial services and renewable energy. This transition…
