KUWAIT HAS THE SECOND HIGHEST NUMBER OF MIDDLE-INCOME FAMILIES IN GULF

  • 28/11/2021

Kuwait City: Kuwait has the second highest number of middle-income families in the Gulf. Saudi Arabia is number one. The list was compiled by the Oxford Institute of Economic Studies in the UK. The number of middle-class households is a key factor in increasing local market potential, the report said. Sources said that the basis of the foreign direct investment strategy in the Gulf countries is the modernization of the business sector. 


She added that the focus in the Gulf countries and the Middle East is on improving the business environment and reducing regulatory burden. At the same time, Kuwait ranks last in the Gulf region in implementing policies that are capable of improving the business environment and facilitating business operations. Despite the need for a better economic plan, Kuwait lags behind its neighbors. Foreign direct investment in Kuwait also declined. In this regard too, the country ranks last in the Gulf region.

Related News

Kuwait Tops Global Hunger Index 2024 as Least Hungry Country
  • 04/02/2025
MoI: Implementation of new traffic fines on April 22
  • 04/02/2025
Kuwait Council of Ministers Holds Weekly Meeting at Bayan Pa ...
  • 04/02/2025
Kuwait population increases every 5 minutes
  • 03/02/2025
Kuwait Stabilizes Market Ahead of Ramadan
  • 29/01/2025
Kuwait Arrests Egyptian Expat for Forging Medical Documents
  • 29/01/2025
Kuwait Ministry of Education Cuts School Bag Weight by 50%
  • 27/01/2025
Security campaigns in Jleeb and Ahmadi
  • 27/01/2025
Kuwait introduces new housing standards for workers
  • 26/01/2025
2 Young Men Killed in Saad Al-Abdullah Car Crash
  • 26/01/2025
Women’s Health Index: Kuwait ranks 1st in Middle East, 2nd ...
  • 26/01/2025
Kuwait Announces 3-Day Holiday for Isra Wal Miraj
  • 25/01/2025