Kuwait Part 1
The original report was published in the Bloomberg Businessweek on Monday, June 20, 2011
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Kuwait’s government makes smart investments to ensure a comfortable future for its citizens
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The country’s financial institutions will play a greater role in financing new projects and move the sector significantly closer to achieving the Emir’s goals
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In 2010, Kuwait unanimously approved a $104 billion Development Plan through 2014
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The Government of Kuwait is expected to carry out 50% of the KDP funding, with the remainder looking to be contributed by the private sector. In turn, banks will play a leading role in the KDP, as private sector participation is spurred. To encourage banks’ participation, the government has pledged $36.3 billion as a sign of good faith and to encourage bank lending.
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In Kuwaiti telecoms, big dinars are spent on numbers—phone numbers, that is.
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 H.H. the Emir Sheikh Sabah Al-Ahmad Al-Sabah 2011 marks an emblematic year for this democratic state, which has set in motion essential plans for growth and development.
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As far back as the 19th century when the country was known as a thriving commercial hub, Kuwaitis have been an outward looking people, learning languages for trade and collaborating with other countries for security and commerce.
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Within the scope of the KDP—the first plan of its kind since 1986—Kuwait aims to increase private sector participation and overall competition. In order to expedite this, the government has passed the Privatization and the Build-Operate-Transfer laws and is encouraging private-public partnerships (PPPs), specifically through the Partnerships Technical Bureau (PTB).
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Who can offer new, exciting and innovative services in this competitive market?
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LOCATION:
Field info displayed for all countries in alpha order.
Middle East, bordering the Persian Gulf, between Iraq and Saudi Arabia
AREA:
total: 17,818 sq km
country comparison to the world: 158
land: 17,818 sq km
water: 0 sq km
AREA - comparative:
slightly smaller than New Jersey
POPULATION:
2,595,628 (July 2011 est.)
CAPITAL:
name: Kuwait City
GDP - composition by sector:
agriculture: 0.3%
industry: 48%
services: 51.7% (2010 est.)
INDUSTRIES:
petroleum, petrochemicals, cement, shipbuilding and repair, water desalination, food processing, construction materials
EXPORTS - commodities:
Field info displayed for all countries in alpha order.
oil and refined products, fertilizers
EXPORTS - partners:
Japan 17.2%, South Korea 15.3%, India 14.4%, US 7.6%, China 6.7%, Singapore 5.3% (2009)
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