Kuwait Report

Kuwait has been an icon of development during the yesteryears in the Middle East – often outpacing its GCC peers in terms of economic growth and ability to attract world-class human capital to its borders. Today, it wields significant influence world over due to its status as a key investor who has executed successful investments. With more than $500 billion in assets, the country’s sovereign wealth fund Kuwait Investment Authority is a seasoned investor that has picked up stakes in international giants such as Bank of America, BlackRock, Visa and Citibank among others. Today the country is resolutely following economic diversification as it builds Mubarak Al Kabeer, the Middle East’s largest port, and a petrochemicals complex, oil refinery facilities, and undertakes an airport expansion project. Kuwait is now all set to invest about $100 billion by 2035 as it aspires to replace its dependence on oil with human creativity and innovation.

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