Why Kuwait

One of the major Gulf country, Kuwait with its abundance of wealth, boom in infrastructural developments and pragmatic foreign policy certainly makes it a global hub.

Kuwait has been a part of Gulf Cooperation Council since its initial establishment. The GCC envisions a mutual economic growth of all its members by creating air and sea connections for trading, infrastructural investments, visa-free travel, and other benefits.

Aside from the strong bond between its surrounding countries, Kuwait has also maintained neutral and diplomatic relationships with most countries. This neutrality plays a crucial and beneficial role in its goal for economic diversity.  This has led to easing the process of foreign investments coming into Kuwait; as well as Kuwaitis investing internationally.

One of the richest countries in the world, Kuwait mostly owes its wealth to large reserves of Petroleum. Distribution of these hydrocarbons resulted in creating excellent shipping routes with countries like India and China through their major ports. These established trade routes led to the growth of local businesses and they flourished over a short period of time, accumulating wealth within Kuwaiti families.

While trading has always been at the forefront of this country, Kuwait also understands the value of modern education. They have developed an educational policy to provide equal opportunity to all, regardless of their social status. They also provide grants for students aiming at education in foreign countries. This has resulted in Kuwait attaining a high literacy rate of 99% according to UNESCO.

The boom in trading and education has resulted in Kuwait modernizing its views and is looking to create economic diversification by bringing in western investments, much like its neighboring countries. These liberal climate changes aim to turn Kuwait into a financial hub in the coming years.

Facts about Kuwait