Google Cloud will also set up a local office in Kuwait
Kuwait vision 2035
Latest in Kuwait vision 2035
Expo 2020 Dubai
How Kuwait aims to play ‘big role’ in success of Expo 2020 Dubai
Under the theme, ‘New Kuwait: New opportunities for sustainability’, the pavilion will showcase the past, present and future of the country, in line with the Kuwait Vision 2035
foreign direct investment
Tech firms set up shop in Kuwait as Gulf country streamlines regulation
Incentives, including waived taxes and priority in government bids, have been given to technology companies by KDIPA, the government arm responsible for promoting foreign companies
economic recovery
Kuwait’s non-oil sector to drive post-pandemic growth
While non-oil GDP is gradually recovering, it is unlikely to return to pre-pandemic levels until 2022, but the sector is expected to account for the bulk of Kuwait’s anticipated 2.5 percent GDP growth this year
Capital Market Authority
Boursa Kuwait plans IPO in Q4 after CMA approval
50% of company to be offered to public, with 44% in private hands and 6% retained by government
Hyundai Engineering
Kuwait gives initial approval for $160m Jaber Al-Ahmed bridge contract
Hyundai selected to operate and maintain causeway, which stretches for over 30km across Kuwait Bay
Budget
Kuwait parliament passes budget with $22bn shortfall
Expected shortfall in Kuwait’s 2019/20 budget is equivalent to 15.7% of the country’s GDP
Action Hotels
Action Hotels’ Sheikh Mubarak leads winners at Arabian Business Kuwait Awards
Arabian Business Kuwait Awards 2019 event honours the country’s finest business leaders, entrepreneurs and thought-leaders
economic reforms
IMF urges Kuwait to implement deeper economic reforms
International Monetary Fund says further measures needed to secure adequate savings for future generations
budget deficit
Kuwait forecasts smaller $25bn deficit despite spending pledge
Kuwait has unveiled budget proposals that forecast a slightly smaller deficit despite higher spending
Kuwait
Kuwait spends $60bn on 2035 Vision, another $100bn to be invested
Kuwait’s Minister of Finance gives update on ambitious plans to transform economy away from oil dependence
Airport technology
Kuwait emir opens new airport terminal to handle 4.5m passengers
T4 opens at Kuwait International Airport as aviation hub aims to increase capacity to 25 million by 2022
Deloitte
Kuwait becoming ‘attractive’ to foreign investors – Deloitte
New report says Gulf state is offering a number of incentives in bid to increase the volume of foreign investment
Aviation
In pictures: Kuwait Aviation Show 2018
The four-day event aims to allow Kuwait to become a top competitor in the Middle East’s aviation sector, through attracting foreign investors as part of the “New Kuwait vision 2035.”