Kuwait and the GCC are attractive for investments

Faisal M. Sarkhou, CEO of KAMCO talks about investing in 2015, investing in Kuwait and other investment related subjects.

He says, “The region has had instability for many years. Despite the geopolitical instability, you have to look at the fundamentals of the region. Firstly, you have a region that has a wealth of natural resources, you have countries that have significant surpluses thus financially speaking they are sound economies. Then you have demographical aspects; more than 50 to 60% of the populations are below the age of 25.

That presents an opportunity of growth for businesses, an opportunity of expenditure by the government and creates growth opportunities that will result in attractive investment opportunities when compared to other regions. When you look at the GDP growth of the region in the past year which was a year of significant perceived instability you will see that the region as a block has had one of the highest growth rates in the world.

That growth rate reflects the demographics, the strong financial strength, the opportunity of businesses to develop and a low interest rate environment, low tax rate environment that is increasingly friendly for doing business. We hope to attract FDI along with increased investment by the private and public sector in the region.”