Best Interior Fit Outs Contractor in Kuwait: Dahan
“Dahan is involved in interior fit out contracting. We execute many spaces such as restaurants, shops, boutiques, banks, and office spaces. We are purely executers and builders.”
List of all articles filed under “doing-business-in-kuwait” category.
“Dahan is involved in interior fit out contracting. We execute many spaces such as restaurants, shops, boutiques, banks, and office spaces. We are purely executers and builders.”
Fouad M.T. Alghanim, Chairman and CEO of Fouad Alghanim and Sons Group talks about the vision for Kuwait, its future and doing business.
Bader Al Humaidhi, Former Minister of Finance of Kuwait talks about doing business in Kuwait.
Most of the business is done in partnership with Kuwaitis. We have a law here that requires that for a business to be established here, it must have a 51% Kuwaiti partnership. But now there is a new department in the Ministry of Finance, the Foreign Investment Department. Under this, if a foreign direct investor wants to set up a new business, say to produce ethylene, or cement etc., they can own up to 100% stake in it.
Despite many complexities and heavy bureaucracy Kuwait is an ideal place when you want to do business in Iraq.
The aim of PTB is that investors – both international and local – have a platform to meet and seed partnerships with the government of Kuwait.
According to Adel M. Al Roumi, President of Partnerships Technical Bureau (PTB), the most important project for 2012 in Kuwait is North Zhour power station.
There are numerous ways to enter Kuwaiti market. KFIB is one of the options. The foreign investors can enter into a JV with a local partner, they can follow a standard procedure with the ministry of industry, choose an opportunity with the offset program or participate in a PPP.
According to a report by NBK Capital, “basic level of FDI over the last decade—a mere $313 million a year on average—is by far the lowest in the GCC (GCC average is $44 billion per annum) and among the lowest in the wider MENA region.” Full report click here.
Interview with Sheikh Dr. Meshaal Jaber Al Ahmed Al Sabah, Chairman of Kuwait Foreign Investment Bureau (KFIB). Investors think of Kuwait as a hope for their projects, as an emerging market much like Iraq and Iran.