Kuwait Food 2024

WHY KUWAIT?

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. The total area of Kuwait is 17.818 square Kilometers.

To the north and northwest, there is the historically contested border between Kuwait and Iraq. To the south and southwest, Kuwait shares a 250-km border with Saudi Arabia.

Kuwait's most prominent geographic feature is Kuwait Bay (Jun al Kuwayt), which indents the shoreline for about forty kilometers, providing natural protection for the port of Kuwait, and accounts for nearly one third of the country's shoreline.

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