WHY KUWAIT?

WHY KUWAIT?


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    • 1. Kuwait has a high quality of life with abundant disposable income, powered by rich oil and gas reserves and high per capita income.
    • 2. The Kuwaiti government is willing to diversify its economy and has launched an open policy to foreign investments, particularly in Agro Food Sector.
    • 3. The local population is young and a great consumer who are very fond of foreign products, international brands and technology.
    • 4. Kuwait is dependent on their food and drinks imports from other countries. In 2015 Kuwait imported $33.3B, making it the 59th largest importer in the world. During the last five years the imports of Kuwait have increased at an annualized rate of 12.7%, from $17.6B in 2010 to $33.3B in 2015.
    • 5. Kuwait is endowed with a good financial management and a solid banking system.
    • 6. Kuwait’s population has doubled since the 2000 and hence the country with a rising demand is a highly potential market for Agro Food Consumption.
    • 7. Due to Climate and Desert land limitations in the ability of production in the sectors of Agriculture and Food etc.; Kuwait is looking for modern technologies for Agro Food Production, Processing to overcome the limitations.
    • 8. The country’s infrastructures are of high quality, the labor force provided by immigrants is inexpensive and the absences of taxes are some of the undeniable advantages to foreign investors.
    • 9. Increase in value of imports from 5,000,507 in 2006 to 7,631,699 in 2012.
  • GEOGRAPHICAL LOCATION


    Kuwait lies in the northwestern part of the Arabian Gulf, between latitudes 28.30 and 30.06 north, and longitudes 46.30 and 49.00 east. Its north-west borders are with Iraq, and its south and south-west borders are with Saudi Arabia. Its shores of the Arabian Gulf lie on the west. This special location provided Kuwait with a commercial importance. It is a natural outlet for northwestern part of the Arab Peninsula.