Kuwait’s Industrial Development 2012: Kuwait’s Industry Is Facing Many Problems
Main problems for Kuwait’s industrial development is the difficult access to land and gas, red tape and long procedures to issue licenses.
imported 2024-03-17 17:43:06
Main problems for Kuwait’s industrial development is the difficult access to land and gas, red tape and long procedures to issue licenses.
Interview with Garry Walsh, CEO of Mezzan Holding. I think, the average retail growth was about 16%. You won’t find anywhere in Western Europe or America anything that would match such growth rate. I expect no less than 8% in the next ten years.
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.
Interview with Dr. Amani Khalid Bouresli, Former Minister of Commerce and Industry. Kuwait is totally dependent on oil revenue. One of the major objectives of the development plan is to diversify the economy and with the Kuwait industrial authority, the new standards are set in a way to encourage more new industries, not only chemicals.
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The list will inlude the list of major non-petrochemical industrial companies in Kuwait. The industry in Kuwait is dominated by the petrochemical industry (for the list of petrochemical industry companies follow the link).
According to NBK Capital the industrial sector’s share of Kuwait’s total GDP remains small, at under 10%. The break up of the sector is (Refining industry 27%, Construction Industry 21%, Manufacturing Industry 22% and Chemicals 10%)
Top Asset Management Companies in Kuwait are Kamco, Markaz and others. According to Capital Standards, “There are a total of 100 investment companies operating in Kuwait with 54 operating within the confines of the Islamic Sharia provisions and the rest operating as conventional investment companies.” Some of these companies offer asset management services. “The GCC Asset Management Industry, with roughly 100 asset management companies, manages approximately USD 29bn in assets in about 325 funds as of 31st March 2011. Geographically, Saudi Arabia country funds account for 62% of the total, followed by Kuwait country funds with 19% share” says Markaz in its latest GCC asset management report.