An evolving framework for Foreign Direct Investment inflows (IFDI) signals positive changes in Kuwait’s business climate. Ownership status in commercial activity has largely favoured Kuwaiti nationals. Today, there exist alternative avenues for investment with 100% ownership of a Kuwait-based entity, prominently, the Kuwait Direct Investment Promotion Authority (KDIPA).
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Vision Kuwait 2035, its mid-range plans and annual project developments, has reached its 10 year mark in 2020. The decade of planned development, seeking to propel the State of Kuwait into a regional centre for trade and finance, was not without obstacles, from costs to project selection and feasibility. In fact, what can be seriously analysed as a development plan, only commenced in 2017, with a revival of the vision under a new slogan, “New Kuwait”.
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