Country Profile
From The Report: Kuwait 2013
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Estimated to possess some 6% of the world’s proven oil reserves, Kuwait’s oil and gas industry promises to play a critical role in the economy for years to come. The nation is not however resting on this alone, and it is now pursuing a programme of economic diversification that is set to re-energise the private sector. The Kuwait Development Plan is a $107bn, 20-year programme aimed at achieving this goal and is well under way, with new transport networks, upgraded infrastructure, increased oil production and improved services all coming under the remit of its work. This chapter contains viewpoints from Emir Sheikh Sabah Al Ahmed Al Jaber Al Sabah; and David Cameron, UK Prime Minister. It also includes an interview with Péter Szijjártó, Hungarian State Secretary for Foreign Affairs and External Economic Relations.

Articles from this Chapter

Overview

Success story: Considerable oil wealth has enabled social and economic development
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A global giant among oil-producing nations, Kuwait’s economic and industrial fortunes over the past half-century have demonstrated both the nation’s prowess and resilience since independence in 1961, delivering one of the highest GDPs per capita in the world. In parallel, the emirate is also host to the region’s most politically liberal and engaged population in the GCC, which has accorded it significant international recognition and advantage. In the decades ahead, Kuwait is determined…

Viewpoint

Emir Sheikh Sabah Al Ahmed Al Jaber Al Sabah on the need for cooperation to achieve development aims
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Recently, the state of Kuwait celebrated the 50th anniversary of the ratification of its constitution. This marked the culmination of a process of political and social development that spans four centuries. Over that time the relationship between the ruler and his people has changed. Today, that relationship is securely established within the framework of an active constitutional democracy. Our constitution is the beacon that guides our government and people in leading lives rooted in well-defined…

Viewpoint

David Cameron, UK Prime Minister, on trade links with the GCC
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In 2012 Britain welcomed the world. We had the extraordinary success of the Olympics and the pageant and tradition of the Diamond Jubilee. From heads of state and business leaders to athletes and spectators, Britain showed everyone what we can do best. As prime minister, I am determined to make sure this spirit becomes something that really lasts. I want Britain to strengthen its links with old friends around the world, and build them with new ones as well. That’s why the government I lead is…

Viewpoint

David Cameron, UK Prime Minister, on trade links with the GCC
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In 2012 Britain welcomed the world. We had the extraordinary success of the Olympics and the pageant and tradition of the Diamond Jubilee. From heads of state and business leaders to athletes and spectators, Britain showed everyone what we can do best. As prime minister, I am determined to make sure this spirit becomes something that really lasts. I want Britain to strengthen its links with old friends around the world, and build them with new ones as well. That’s why the government I lead is…

Interview

OBG talks to Péter Szijjártó, Hungarian State Secretary for Foreign Affairs and External Economic Relations
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Interview:Péter Szijjártó What areas of bilateral trade are most attractive for Kuwaiti and Hungarian investors? PETER SZIJJÁRTÓ: We have recently discussed investment opportunities with the Kuwaiti Investment Office (KIO) in Budapest. The talks focused on the branches of the Hungarian economy in which Kuwait could invest, including farming, infrastructural development and the property market, in addition to the measures taken by the Hungarian government regarding energy security and…