Kuwait 2019

The Business Year: Kuwait 2019, our fourth edition on the country, could not have been realized without the participation and collaboration of over 120 of the country's top businesspeople and public officials. Through them, we present readers with key insights into the Gulf economy at a time of extraordinary change and in the context of New Kuwait Vision 2035, a wide-ranging reform agenda designed to boost diversification and increase the contribution of the private sector.

Sneak peek at what's inside:


TBY ANALYTICS Kuwait 2019:

TBY Analytics reviewed all of the interviews conducted for The Business Year: Kuwait 2019 and examined trends and sentiment among the country's business leaders.

What are the advantages and challenges of doing business in Kuwait?


Advantages:

  • Attractive destination for FDI
  • Increase in technological investments
  • Transition toward automation
  • and digitalization
  • Innovative and talented youth
  • Economic and political stability


Challenges:

  • Relations between private sector
  • and the government
  • Lack of activity on the local stock
  • market
  • Downturn in the real estate market
  • Bureaucratic processes
  • Decrease in oil prices
  • Water scarcity


WHY KUWAIT?

Among the many prominent individuals we interviewed for this edition were:

  • Sheikh Dr. Meshaal Jaber Al-Ahmed Al-Sabah, Director General, Kuwait Direct Investment Promotion Authority (KDIPA)
  • Dr. Khaled A. Mahdi, Secretary General, Supreme Council for Planning and Development (SCPD)
  • Michael Davenport, Her Majesty's Ambassador to the State of Kuwait, British Embassy Kuwait
  • Mazin Saad Al Nahedh, Group CEO, Kuwait Finance House (KFH)
  • Adel Abdul Wahab Al-Majed, Chairman, Kuwait Banking Association (KBA)
  • Hashem Sayyed Hashem, Deputy Chairman & CEO, Kuwait Petroleum Corporation (KPC)


CHAPTER EXCERPT

INDUSTRY AND FOOD

"Kuwait is one of the most politically and economically stable countries in the region, with easy access to its market and a new generation of innovative talented Kuwaitis capable of building the future economy."

- Khaled Naser Al-Roudan, Minister of Commerce and Industry