The investor is always looking for a fertile environment that brings a lot of profits and puts a specific goal forward to reach by selecting more than one country to study the investment so that the choice is made on the country that reassures the investment in it. Kuwait is one of the strongest Arab countries in investment, ranking fifth in terms of investment. The Kuwaiti economy is one of the most important economies in the Middle East region where the economy of Kuwait has many elements and factors that contributed to the formation until it became a regional and international influence.
Kuwait is one of the richest Arab and Islamic countries where the Kuwaiti government has always made many economic reforms. Kuwait Investment Fund reserves amount to about $ 548 billion.
Despite the small size of the State of Kuwait, it has huge oil reserves that put it at the forefront of the oil countries and has raised the level of gross domestic product increased over the past years, despite the passage of several economic crises. As a result of the higher classification of the Kuwaiti economy, per capita income is also higher than the GDP. Kuwait has also achieved high financial surpluses due to the rise in oil prices and thus Kuwait has become a destination for foreign direct investment in the Arab region and the Gulf in particular.
INVESTMENT IN KUWAIT:
The Kuwaiti market has good investment fundamentals:
Kuwait is one of the richest Arab and Islamic countries where the Kuwaiti government has always made many economic reforms. Kuwait Investment Fund reserves amount to about $ 548 billion.
Despite the small size of the State of Kuwait, it has huge oil reserves that put it at the forefront of the oil countries and has raised the level of gross domestic product increased over the past years, despite the passage of several economic crises. As a result of the higher classification of the Kuwaiti economy, per capita income is also higher than the GDP. Kuwait has also achieved high financial surpluses due to the rise in oil prices and thus Kuwait has become a destination for foreign direct investment in the Arab region and the Gulf in particular.
INVESTMENT IN KUWAIT:
The Kuwaiti market has good investment fundamentals:
- moving ahead with major projects.
- Work on the development of revenues and the strengthening of economic rates.
- Developing the business environment and the legislative environment for investment laws.
- Harness the efforts of state agencies to accomplish major projects.
- Enhancing the volume of direct investment in the country.
Factors of the stability of the Kuwaiti economy:
The Kuwaiti economy is based on several factors:
mega development projects in terms of adopting a strong economic development plan and spending on large projects in the oil sector and infrastructure. Enjoy a valid legal environment in which the State of Kuwait enjoys the transparency of the legal system and the rule of law in accordance with Islamic law. A number of economic laws have been adopted recently, leading to an improved investment climate. The stability of the banking sector, where the financial sector in Kuwait is characterized by a good monetary and control policy to increase financial stability, confront shocks and control inflation. Low Political Risk According to many studies, Kuwait is characterized as a country with low political risks for its political stability and at the time of instability in its neighboring countries it was coherent and stable.
Factors to encourage investment in Kuwait:
Infrastructure includes:
Public transport and the availability of services with ease, where cargo is shipped through several ports in addition to stations to transport oil shipments. The ease of communication and the number of companies providing services in this area.
Low cost of business:
For fuel, Kuwait is one of the cheapest countries in the cost of fuel compared to any other country. Electricity is also characterized by lower costs, continuity and stability.
Low taxes:
Kuwait does not have many taxes, for example, there is no tax on the income of the individual even taxes imposed on foreign companies in any commercial activity exists whether direct or indirect, which is low.
Kuwait's extensive commercial relations:
Kuwait is a founding member of the World Trade Organization (WTO), a member of the Gulf Cooperation Council (GCC) and a member of the League of Arab States and the Arab Free Trade Area.
Kuwait's integration into the global economy:
Kuwait is an active member of many regional and sub-regional organizations and is a member of almost all international organizations. Kuwait also provides many development assistance and soft loans to more than 100 countries in the world.
Conclusion :
The State of Kuwait is one of the best countries to make various investments in it and because it has become a commercial and financial center attracting investment by the private sector leading economic activity, encouraging the spirit of competition, raising the efficiency of production and achieving balanced human development through effective government administration, advanced infrastructure and stable living environment High-quality health care, innovative human capital and a distinguished international status among the countries of the world. The Kuwaiti regime is based on democracy, Kuwait enjoys political and social stability and occupies a strategic position in the north of the Gulf which distinguishes it from a flourishing commercial center.
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