Kuwait: Economic Snapshot 2024
Click here to read our Kuwait Economic Report and Investment Analysis 2024 online …
Kuwait Economy Sector Research Highlights
Kuwait Economy Sector Research Highlights
Sheikh Meshaal Jaber Al Sabah, Director-General, Kuwait Direct Investment Promotion Authority (KDIPA): InterviewOBGplus
Interview:Sheikh Meshaal Jaber Al Sabah, Director-General, Kuwait Direct Investment Promotion Authority (KDIPA) To what extent is foreign direct investment (FDI) integral to Kuwait’s strategy for realising its domestic objectives and international commitments? SHEIKH MESHAAL JABER AL SABAH: It is a well-established fact that the economic, social and environmental impact of FDI plays a pivotal…
The Report: Kuwait 2024: EconomyOBGplus
Kuwait’s GDP has undergone significant expansion in recent years, with the spike in global oil prices enabling the country to maintain a trade surplus amid domestic political changes, international geopolitical tensions and economic uncertainties. Guided by medium- and long-term development plans, the country is in the process of diversifying its economy as it shifts its focus from resource-based…
The Report: Kuwait 2024: Country ProfileOBGplus
Situated between Iraq and Saudi Arabia at the north-western corner of the Gulf, Kuwait operates as a constitutional monarch, and is a founding member of both the GCC and the Organisation of the Petroleum Exporting Countries. Despite its modest land size, the country holds the world’s sixth-largest crude oil reserves, which have served as a robust foundation for sustained economic development and…
The Report: Kuwait 2024: Trade & InvestmentOBGplus
Kuwait’s government is actively seeking sizeable private and international investment in its economic diversification and privatisation drive, having made significant amendments to the country’s investment laws. A strong hydrocarbons sector feeds downstream industry, providing readily available feedstock and significant incentives for private investors to enter the country’s industrial markets.…
The Report: Kuwait 2024: The GuideOBGplus
This section includes selected listings of Kuwait’s hotels, as well as helpful tips for business and leisure travellers planning to visit the country.…
GCC cooperation and innovation improve food securityOBGplus
Countries in MENA have been intensifying efforts to increase their food security, withRussia’s invasion of Ukraine the most recent geopolitical event to underlinethe fragility of global supply chains, as well as the importance of boosting domestic agricultural output. Together, Russia and Ukraine account for some 29% of the world’s wheat supply, pointing to thesignificant risk…
Gulf countries adopt fiscally stringent policies amid high oil pricesOBGplus
As oil prices moderate from recent highs, countries in the Middle East are following divergent fiscal paths in their efforts to generate sustainable growth. For FY 2023/24 Kuwait anticipates revenue of KD19.5bn ($63.4bn), primarily driven by oil. During the same period the government’s planned expenditure of KD26.3bn ($85.6bn) allocates 80% to salaries and subsidies, 9% to capital expenditure and…
Potential reforms in Kuwait aim to boost economic resilienceOBGplus
Kuwait entered 2024 in a generally robust economic position thanks to improved fiscal and external balances. Following a formal change in executive leadership in late 2023, policymakers have the opportunity to build on recent gains to foster long-term, sustainable growth – provided they can navigate the prevailing challenges in the domestic and global markets. National & Global Context Kuwait’s…
