Trade & Investment

Kuwait 2018 Trade & Investment

As a founding member of the Organisation of the Petroleum Exporting Countries (OPEC) as well as the site of approximately 7% of the world’s crude oil reserves, Kuwait has long been a major energy exporter. In 2017 the nation’s oil sector generated more than 90% of government revenues, and oil exports were equal to some 42% of GDP, the highest figure among member states, according to OPEC data. Like other countries in the GCC, Kuwait has taken advantage of these revenues both to build a deep portfolio of global investments, thereby ensuring long-term returns, and to invest in economic diversification projects at home, with an eye towards developing new industries and attracting foreign direct investment in strategic areas.

Articles from this chapter

Cover of The Report: Kuwait 2018

The Report

This chapter is from the Kuwait 2018 report. Explore other chapters from this report.