While Kuwait’s FDI figures were up in 2012, far more capital still leaves the country each year than enters it. However, the government is working to reverse this, in part by improving the legal framework for foreign investment.
Economic Update | Kuwait looks to boost foreign investment
Economic Update | Kuwait: Health care privatisation moves ahead
Ambitious plans to privatise segments of Kuwait’s health care services are gaining momentum as the government makes a two-fold bid to reduce waiting times at state hospitals and attract new investment for the sector.
Economic Update | Kuwait: Room for growth in insurance
Despite new state investments in infrastructure and a steadily rising population, the insurance sector in Kuwait is expected to grow more slowly than elsewhere in the Gulf.
Economic Update | Kuwait: New renewable energy project in the works
Despite holding substantial oil reserves, Kuwait is stepping up its efforts to develop alternative sources of energy. In mid-June the government announced it was inviting bids for the construction of Shagaya, a renewable energy park, as part of its plan to generate 15% of its electricity through non-oil sources by 2030.
Economic Update | Kuwait: Calls for ICT to reconnect
Limited uptake of new technology has had an impact on economic development in Kuwait, according to a recent report.
Economic Update | Kuwait: Upward trajectory for KSE
The Kuwait Stock Exchange (KSE) had a positive start to 2013, with the index steadily moving up to reach multi-year highs in May. While local investors are driving much of the recent activity, foreign capital is increasingly flowing into the Gulf’s third-largest bourse. Plans to privatise the exchange could also boost the KSE’s international profile.