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The 9 main goals in Kuwait Vision 2035 are: The establishment of a private global economic region [2] General privatization [3] The promotion of a dynamic private sector [4] The promotion of local and organization talents [5] The development of a transparent and interlinked government [6] The construction of coherent infrastructure [7]
Kuwait Direct Investment Promotion Authority (KDIPA) was established in 2013. It is a governmental organization that advances economic diversification , growth, and Kuwait's global competitiveness. It was established in alignment with Kuwait's goal of diminishing its dependence on oil-generated revenues and broadening its economic base.
In 2010, Kuwait opened an embassy in Mexico City. [1] In July 2010, Kuwaiti Prime Minister Nasser Al-Sabah paid an official visit to Mexico and met with President Felipe Calderón . [ 4 ] During the visit, both leaders agreed on a memorandum to establish a consulting mechanism on mutual interests to increase political dialogue and cooperation ...
Kuwait Stock Exchange. Although several share holding companies (such as the National Bank of Kuwait in 1952) existed in Kuwait prior to the creation of the Kuwait Stock Exchange, it was not until October 1962 that a law was passed to organize the country's stock market. In April 1977, the stock exchange was initiated, and it was named as the ...
By 1979, the year Souk Al-Manakh was established, Kuwait already had a robust financial sector and more stocks than any other Gulf country. However, due to the crash that happened in 1977 and the followed strict regulations for enlisting and trading companies, some Kuwaiti businessmen went to founding companies in nearby Gulf countries and ...
South al-Mutlaa (Arabic: جنوب المطلاع, romanized: Janub al-Mitlae) is a new city under construction in Jahra Governorate, northern Kuwait.It is the largest housing project in the Kuwaiti history, ultimately intended to provide homes for 400,000 people in 12 suburbs, together with schools, mosques, mini-markets and health-centres.
A causeway linking northern Kuwait to Kuwait City is named Sheikh Jaber Al-Ahmad Al-Sabah Causeway 36-kilometer-long (22 mi). [1] By using the causeway, driving time from Kuwait City to northern Kuwait is cut to only 15 minutes, instead of at least one-and-a-half hours normally taking to go around Kuwait Bay. [1]
the Netherlands has an embassy in Kuwait City. Poland: 13 May 1963: Both countries established diplomatic relations on 13 May 1963 [225] Kuwait has an embassy in Warsaw. Poland has an embassy in Kuwait City. Romania: Kuwait has an embassy in Bucharest. Romania has an embassy in Kuwait City. Spain: 17 April 1964: See Kuwait–Spain relations