Kuwait Permanent Virtual Exhibition and Business Directory

One of the world’s smaller countries is now available in one of the world’s largest Internet directories. If you’re looking to do business with a Kuwaiti company, or if you’re prospecting for information the Kuwaiti government provides to entrepreneurs and foreign direct investors, welcome to the most comprehensive Kuwaiti business directory online or anywhere else, KuwaitExpoOnline.com.

Oil is black gold in Kuwait, and oil revenue represents about 50% of GDP, 95% of export revenue and 95% of government income – the country claims to possess proven crude reserves of nearly 102 billion barrels or 9% of global reserves.

Kuwait is the tenth-largest oil producer in the world, producing about 2.5 million bbl/day (a dram less than one barrel per day for almost every Kuwaiti, who number just under 3 million), and the Government of Kuwait is committed to producing four million bbl/day by 2020.

Doing Business in Kuwait

Kuwait has the fourth largest proven reserves of crude oil in the world and is among the world’s largest oil producers. As such, Kuwait’s economy is heavily dependent on the oil sector, which accounts for over half of gross domestic output.

The heavy reliance on oil output has also meant that economic performance in Kuwait has depended on changes in oil prices which have often been quite volatile. However, government policy has ensured that this volatility does not result in large changes in activity in the non-oil sector and in household income.  Read Full Article

Investing in Kuwait

The demand for new plans and projects has increased since the global financial crisis. In 2010, Kuwait’s parliament approved a new development plan, and upon the implementation, Kuwait’s economy would have a positive growth especially in infrastructure projects. As promised by the government, the development plan will help to transform Kuwait into a major financial hub and trade center by 2035.  Read Full Article