Kuwait: Investment Sector Outlook 2012 by Bayan Investment Company

Faisal Ali Al-Mutawa, Chairman and Managing Director of Bayan Investment Company, does not believe that the outlook for investment sector in Kuwait will improve in 2012-2013.

He argues that since the beginning of the financial crisis in 2008, Kuwaiti stock market lost something in the vicinity of 34 billion KD, which you multiply by 3.5 to get to the US dollar rate: more than $120 billion worth of losses in the Kuwaiti stock market alone.

“There is no real confidence in the system and, as we always say, stock markets are an indication of the economic confidence in the system – present and future, especially future, which represents the economic development”, adds Al-Mutawa.

The economic decline in Kuwait is further evident in the prices of real estate, business confidence, and consumer spending.

Interview:

Kuwait Investment Sector to Further Suffer in 2012