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FinancialNews


  • 30-05-13

    Kuwait plans to attract more foreign investments

    (MENAFN) Kuwait is planning to expand its economy by boosting foreign investments in the country through the establishment of a new government authority, reported Arabian Business citing Kuwait Times. The Ministry of Commerce and Industry will manage the authority, which will replace the Foreign Investment Office. The aim of the body is to enhance legal and economic conditions to draw foreign investors to Kuwait. According to the International Monetary Fund (IMF), the total foreign investment in the country is less than USD2 trillion. It's worth noting that the emirate has the lowest foreign direct investment among all GCC countries.

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