FDI and doing business in Kuwait

Bader Al Humaidhi, Former Minister of Finance of Kuwait talks about doing business and FDI in Kuwait.

He says, “Not yet. We are still an exporter of FDI Foreign Direct Investment. I mean we export more. There’s more investments going outside than going inside. As I previously mentioned even the Dow now with their existing projects, they’ll want to liquidate it and get out of Kuwait. So I don’t see anything promising. The bureaucracy in Kuwait is killing all motivation. Just a few days ago I saw an article about which country is doing business the best of course Singapore is number 1, Emirates is number 22, Qatar I think was number 26-28, Kuwait was number 104. It takes 180 days to establish business in Kuwait. Why? The problem we have in Kuwait is that everything is really discouraging investments.”