From The Report: Kuwait 2024
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The industrial sector has remained resilient despite recent local and global economic headwinds. The country’s manufacturing base was buffeted by the global Covid-19 pandemic and the impact of measures to counter it. Disruptions in supply and production chains were then further exacerbated by geostrategic uncertainty and conflicts. Despite all this, the sector continues to prosper, providing a reliable base at a time when other areas of the economy have faced volatile pricing and long-term risk. The new 12-year national industrial strategy aims to make the country a global centre for innovative and sustainable competitive industries. Efforts are also under way to diversify the types of industrial activity in the sector.