KUWAIT LAGS BEHIND THE OTHER GCC STATES , POLITICS AND RED TAPE STYMIE FDI

  • 12/04/2022

Kuwait City: The Kuwait Direct Investment Promotion Authority has released its report for fiscal 2020/2021 (April 1-March 31), which outlines foreign direct investment (FDI) in Kuwait throughout the course of the year. According to the report, the authority approved new investments totaling 536 million dollars, confirming the "Economist Intelligence" unit's prediction that foreign direct investment (FDI) inflows to Kuwait will average more than 560 million annually between 2022 and 2026, as the economy recovers from the COVID-19 pandemic and offers public-private infrastructure partnerships and privatisation initiatives. 


The Economist Intelligence, on the other hand, believes that political gridlock, as well as excessive red tape, will have a detrimental impact on the business environment during the given period. The Economist predicts that the political elite will continue to reject foreign investment as a means of increasing productive capacity in the oil industry, despite improvements in business regulation in Kuwait aimed at luring foreign direct investment inflows. Given the long-standing tensions between the legislative and executive branches, as well as the bureaucracy, the analysis concludes that the danger of political deadlock will continue to dissuade some investors and may limit the flow of PPP transactions.

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