Grow Through International Expansion
Business:Investing
Think of Kuwait and one thinks of oil. It’s got the world’s sixth largest oil reserves. But there’s a lot more to it than that. It’s one of the oldest countries in the region, at the top of the Arabian Gulf, bordered by Iraq and Saudi Arabia. But it’s not really like either of them.
In this podcast, Oliver Dowson talks with Hessa Rashed Bouresli, the Head of the Communications Division of the Kuwait Direct Investment Authority, about the opportunities the country has to offer to international companies.
Kuwait, with a population of around 4 million, has a high-income economy – and, indeed, according to the World Bank, the Kuwaiti dinar is the highest valued currency in the world and the country has the fourth highest per capita income. It’s a democracy and it’s liberal – women are empowered and make up more than half the workforce.
It’s even arguably the cultural centre of the Middle East, with arts festivals and even the largest opera house in the region.
But back to business. Kuwait is working to seriously reinvent itself, aiming to transform the country into a financial and commercial leader in the region. It’s making institutional reforms, investing in infrastructure and actively supporting growth of the private sector.
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