Country Profile
From The Report: Kuwait 2018
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As a member of both the Organisation of the Petroleum Exporting Countries and the GCC, Kuwait has numerous strategic ties. Additionally, the country is arguably the most politically dynamic in the Gulf, which has afforded it strong foundations to help tackle recent issues regarding parliamentary elections and accountability. By continuing with economic diversification efforts and reducing dependence on oil revenue, Kuwait is also adding momentum to several large infrastructure projects. The tabled projects are set to further integrate Kuwait into the global economy. 

This chapter contains a viewpoint from Emir Sheikh Sabah Al Ahmed Al Jaber Al Sabah.

Articles from this Chapter

Overview

Fuelling development: Government initiatives aim to diversify the economy away from hydrocarbons and encourage global integration
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As a member of both the Organisation of the Petroleum Exporting Countries (OPEC) and the GCC, Kuwait has various strategic ties. Additionally, the country is arguably the most politically dynamic in the Gulf, which has afforded it strong foundations to help tackle recent issues regarding parliamentary elections and accountability. By continuing with economic diversification efforts and reducing dependence on oil revenue, Kuwait is also adding momentum to several large infrastructure projects. The…

Viewpoint

Seeking stability: Emir Sheikh Sabah Al Ahmed Al Jaber Al Sabah, on fostering national unity through awareness and stability
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Viewpoint:Emir Sheikh Sabah Al Ahmed Al Jaber Al Sabah Our national march, which urges the pursuit of comprehensive sustainable development, is confronted by external dangers and difficult internal challenges. The internal challenge facing our national march is the necessity and inevitability of reforming our economy, which suffers from gross structural imbalances stemming from our reliance on a singular and depleting natural resource – oil. This reliance carries with it all the burdens…

Analysis

Money matters: Activity among the region’s sovereign wealth funds picks up as oil prices stabilise
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The number of sovereign wealth funds (SWFs) operating in the Gulf has grown in the decade to 2018. The value of these SWFs – created to invest and manage the huge sums of money flowing into the region from hydrocarbons sales – stood at $2.78trn in mid-2018, according to the SWF Institute (SWFI), representing 35.6% of the global total. Turning a Corner With oil prices remaining relatively low from mid-2014 to late 2017, before rebounding somewhat in 2018, many SWFs have had to rein in their…

Analysis

Money matters: Activity among the region’s sovereign wealth funds picks up as oil prices stabilise
OBG
plus

The number of sovereign wealth funds (SWFs) operating in the Gulf has grown in the decade to 2018. The value of these SWFs – created to invest and manage the huge sums of money flowing into the region from hydrocarbons sales – stood at $2.78trn in mid-2018, according to the SWF Institute (SWFI), representing 35.6% of the global total. Turning a Corner With oil prices remaining relatively low from mid-2014 to late 2017, before rebounding somewhat in 2018, many SWFs have had to rein in their…