Mubasher: Kuwait’s foreign direct investments (FDIs) have totalled KWD 960 million ($3.2 billion) in four years from January 2015 until March 2019, according to the commerce and industry minister of Kuwait Khaled Nasser Abdullah Al Roudan.
The foreign investments have injected into the field of information systems services, oil and gas, construction, training, health, energy, consulting, market research and leisure activities, Al Roudan referred in the fourth annual report for 2018/2019 by Kuwait Direct Investment Promotion Authority (KDIPA).
The Kuwaiti minister added that these investments have a positive direct impact on economic and social levels, such as providing job and training opportunities for the national workforce, transferring the latest technology and supporting the local economy.
He referred to the resolutions of the Council of Ministers which have sought to improve business environment, enhance competitiveness in Kuwait, manage the free zones, and allocate commercial plots.
These resolutions helped in attracting direct investments to achieve the objectives of the ‘National Vision 2035’, especially those related to economic diversification and the role of the private sector, and ensuring Kuwait’s commitment to achieving the Sustainable Development Goals (SDGs) from 2015 to 2030.
It is noteworthy to mention that KDIPA was established to promote direct investment in Kuwait, as a specialised public authority with financial and administrative independence.
