Kuwait

Kuwait is a small country of 2.7 millions inhabitants on the northeast of the Arabian Peninsula on the northwestern coast of the Persian/Arabian Gulf. Kuwait City is its capital city.

Kuwait is a resource-rich nation that has lagged behind other countries in the Middle East in attracting foreign direct investment. Since Saddam Hussein invaded nearly two decades ago the aftermaths of the war still affect every Kuwaiti family and the war’s consequences still limit economic expansion. On the other hand, Kuwait has many ingredients necessary to expand rapidly: a strategic location, a strong regulatory system, abundant oil reserves, and, perhaps most important of all, a new generation of entrepreneurs, as reported in the January 2009 edition of the US-Arab Tradeline (published by the National US-Arab Chamber of Commerce).

Kuwaitis are beginning to invest at home in infrastructure development, tourism, banking and finance, information and communications technology, and commercial activity of all kinds. This will help to diversify the economy and to create new import needs. In Kuwait, the import penetration rate is already the highest in the world: 90% of the goods that are consumed are imported. To follow the latest developments in the country, visit the Kuwait News Agency. You will find a summary of business laws and regulations on Kuwaitiah.net. And if you need the texts of those laws and regulations, you can find them on the website of the Public Authority for Industry.

Also don't forget the website of the U.S. Commercial Service in Kuwait. The site gives extensive information about the markets and business culture there.

If that's not enough, you'll also find plenty of good research at the Kuwait Mini Portal, a feature of the FITA Web site. The Kuwait Mini Portal has an overview of Kuwait, with facts about the language, currency, climate, etc., plus more specific information about the economy, markets, taxes, labor market indicators, and tips on doing business in Kuwait.

From http://www.fita.com/