Why Kuwait?
- Kuwait has a high quality of life and its oil reserves are consistent.
- The Kuwaiti government is willing to diversify its economy and has launched an open policy to foreign investments.
- The cost of energy is very low.
- The local population is young and a great consumer who are very fond of foreign products, western brands and high technology.
- Kuwait is dependent on their 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.
- Kuwait is endowed with a good financial management and a solid banking system.
- Kuwait’s population has doubled since the 2000 and hence the country with a rising demand is a highly potential market.
- Due to limitations in the ability of production in the sectors of Agriculture, Fisheries, etc.; Kuwait is looking for modern technologies to overcome the limitations.
- 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.