Kuwait Local Time

Latest Kuwait News

Qatar among topmost contributors to Kuwait FDI

Qatar ranks topmost among all foreign nations which invest in Kuwait, with Doha contributing a major 65 percent to total foreign direct investment (FDI) in Kuwait.


Ten countries jointly contribute about 98.8 percent of total FDI in Kuwait, with a value of KD2.93bn at the end of 2012.


Qatar ranked topmost among exporting nations for foreign direct investments to Kuwait during the year, with about KD1.94bn representing 65.6 percent of total foreign investment flow to Kuwait, said Kuwait Central Statistics Bureau.


Bahrain is the second largest contributor to Kuwait’s FDI pool in 2012, with value of KD210mn, constituting 7.1 percent to total FDI flow. The document released by Kuwait Statistics Bureau reveals that Qatar’s capital flight to Kuwait has been growing steadily over the past three years since 2010.


In the year 2010, Kuwait received KD413n investment from Qatar, which further grew to KD1.08bn in 2011, before jumping to KD1.94bn in 2012. Qatar has been topmost contributor to Kuwait’s FDI pool during the three years.


Kuwait FDI in the share capital market has touched KD2.95mn by end of 2012, in comparison to previous year, representing an increase of about KD856mn and accounted for 40.7 percent.

comments powered by Disqus

Recent Articles

New rule mandates recruitment of Kuwaitis in private sector

Issuance and renewal of driving licenses to go online soon

New rule mandates salary of KD500 or more for visit visas

Longest bridge in the world to be ready this year

Slashing of expat numbers likely to hit economic growth

New decision to stop expat transfer if job title does not match degree

Parents and In-laws allowed three months stay on visit visa

Indian Government defers pre-departure registration for ECNR passport holders

Kuwait plans to slash expat numbers

Kuwait CSC plans to replace expats with nationals in 3140 jobs

 

Top