Trade & Investment
From The Report: Kuwait 2019
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After accumulating large amounts of wealth through the export of oil, Kuwait is now looking to deploy that wealth to develop and diversify the economy. The nation aims to attract $200bn in foreign direct investment over the next 15 years to 2035 and become a global centre for trade and finance. The government is making concrete steps towards achieving its ambitions with incentives for the private sector and investments of its own. This chapter contains interviews with Sheikh Meshaal Jaber Al Sabah, Director-General, Kuwait Direct Investment Promotion Authority; and Meshal Alothman, Director-General, Public Institution for Social Security.

Articles from this Chapter

Overview

Expanding scope: Improving the business environment to attract foreign investment is supporting the country’s diversification drive
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As a resource-rich economy, Kuwait is diligently looking to deploy its oil wealth to develop and diversify the economy. The nation aims to attract more than $200bn in foreign direct investment (FDI) between 2020 and 2035 in order to become a global centre for trade and finance. The government is taking concrete steps towards achieving its ambitions to boost private sector investment in key sectors. Vision 2035 & Diversification Kuwait has revisited its long-term development goals in…

Interview

Coordinated efforts: Kuwait Direct Investment Promotion Authority Sheikh Meshaal Jaber Al Sabah, Director-General, Kuwait Direct Investment Promotion Authority (KDIPA), on facilitating foreign investment, business and innovation
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Interview: Sheikh Meshaal Jaber Al Sabah To what extent is foreign direct investment being attracted in line with the New Kuwait 2035 vision? SHEIKH MESHAAL JABER AL SABAH: Kuwait has always been an open market, forging strong economic and commercial relationships to integrate it in the global market, as reflected in Law No. 116 of 2013 for the promotion of direct investment into Kuwait. In full alignment with the New Kuwait 2035 vision, KDIPA’s operational strategy and promotional activities…

Interview

Expanding services: Meshal Alothman, Director-General, Public Institution for Social Security (PIFSS), on securing long-term industry growth
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Interview: Meshal Alothman What role has technology played in improving the social security system, increasing penetration and enhancing the delivery of services? MESHAL ALOTHMAN: PIFSS was a pioneer in the Arab world in computerising its systems and processes. We started by working on a system that archived all documents, which could then be easily retrieved from any PC, ensuring seamless transactions for our customers across all branches. Internally, PIFSS began improving processes by using business…

Overview

Global village: Medium-term prospects suggest globalisation is set to continue for the foreseeable future
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Decades of growth in trade and foreign investment have made the economies of the world more interdependent than ever before. The production of goods and, increasingly, the provision of services has become fractured across borders as corporations integrate into regional and global value chains – a process reinforced by international trade and investment regimes. On aggregate, advanced economies have benefitted from these changes, while emerging markets have become the main drivers of growth around the world. However, recent years have seen a new scepticism towards globalisation emerge, alongside more protectionist policies that could…

Overview

Global village: Medium-term prospects suggest globalisation is set to continue for the foreseeable future
OBG
plus

Decades of growth in trade and foreign investment have made the economies of the world more interdependent than ever before. The production of goods and, increasingly, the provision of services has become fractured across borders as corporations integrate into regional and global value chains – a process reinforced by international trade and investment regimes. On aggregate, advanced economies have benefitted from these changes, while emerging markets have become the main drivers of growth around the world. However, recent years have seen a new scepticism towards globalisation emerge, alongside more protectionist policies that could…