Investing in Kuwait

Kuwait is trying to diversify its economy beyond oil, but the transition to a knowledge economy is being held back by a lack of skilled local workers. The government wants to scale back the number of expats but Kuwaitis are reluctant to quit the shrinking but comfortable state sector.

© AFP

Big infrastructure projects are central to diversification, but must overcome delays and red tape

Bringing in oil majors would be best bet for security

Tax incentives and full ownership rules aimed at attracting new investors

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Joining a global index is expected to boost trading for banks

Locals reluctant to quit state jobs as expats blamed for national ills

Price concerns spur talks to restart shared production stopped in 2015