Kuwait Banks Role in Kuwait Real Estate Market
While in the United Arab Emirates almost every local commercial bank is involved in real estate financing, Kuwaiti banks watched Kuwait real estate and construction sector more critically.
Kuwait Real Estate Market: One of the Most Challenging Markets in the Gulf
The demand for middle income Kuwait real estate will remain high, according to Alargan’s Khaled Al-Mashaan: “We have the highest growth in population in the world and most of the population is under 25 years old (60%) so the influx of young people coming into the market will be huge for jobs and housing. “
Kuwait Liquified Natural Gas and Nuclear Ambition
The peaceful use of nuclear energy in particular celebrates a comeback in the Middle East. The UAE and Saudi Arabia will definitely build nuclear plants in order to stand on the same level as Iran, which is on the threshold of becoming a nuclear power.
Kuwait Energy: Investments into the Future
“In Kuwait , we feel that we are part of the world. When there was a high demand for energy , and oil in particular, Kuwait and Kuwait Oil Company responded positively by producing the maximum in 2008. In regard to Kuwait diversification , the long term concern is there. Kuwait should seriously think about diversifying sources of income for the country.” says Sami Al-Rushaid, Chairman and Managing Director at Kuwait Oil Company
Kuwait Islamic Banking and Finance: Future is Bright
“Islamic banking and finance started inferior thirty years ago but started to position itself very well within the Kuwait banking and Kuwait investment industry. It dominates the GCC and MENA region and has proved that its underwriting criteria are much stronger than its peers on the conventional side,” says Abdul Aziz Al-Mazooq, CEO of Muthanna Investment Company.
Kuwait Banking: Recovery of Kuwait Banking Sector
“I think that Kuwait banking system has gone through some very difficult times, and that 2010 will still be difficult and I think the banks have to prepare for the inevitable full turn around. How long it will take, however, is anybody’s guess”, Michel Accad, CEO of Gulf Bank
Tourism Strategy in Kuwait
The government, however, does not follow a wait-and-see attitude. In 2004 Kuwait embarked on a twenty year master tourism plan with the number one priority being to develop and improve domestic tourism. For those who want to explore a country that is surprisingly interesting, Kuwait offers all amenities, for families in particular.
Kuwait Travel and Tourism
The name Kuwait derives from Akwat, which means fortress near water. For the gulf countries it has never been easy to lure tourists away from the aforementioned pearls of the orient. Egypt has the pyramids, Jordan its ancient Roman Amphitheaters and Syria its capital Damascus the world’s oldest, permanently inhabited city.
Kuwait on Track to Attract Investors to Invest in Kuwait
On December 27th 2008, after years of hearings and negotiations, the Kuwaiti parliament passed a law to slash taxes imposed on foreign corporations operating in Kuwait to 15 per cent, down from 55 per cent. “We are looking for serious investors that will be forthcoming with ideas or concept papers to establish successful offset ventures benefiting the contracted government body” Mazen Madooh – General Manager of National Offset Company .
Kuwait Foreign Direct Investment
“If you look at the World Bank’s Protecting Investors Index, you will see that Kuwait has ranked 27th globally, which is better than most OECD countries. Therefore, the government is undertaking all the appropriate measures in order restore confidence and attract investment companies.” – Ahmad Al-Haroun , Minister of Commerce and Industry