Kuwait Looks To Foreign Investment To Help With $111 Billion Modernisation Plans

According to the United Nations Conference on Trade and Development’s website, Kuwait, the fourth-biggest oil producer in the Organization of Petroleum Exporting Countries (OPEC), was the lowest recipient of foreign direct investment among the six Gulf Cooperation Council states in 2010 with US$6.5bn. Saudi Arabia, the biggest Arab economy, was the highest with US$170.5bn, followed by the UAE with US$76.2bn.In an attempt to rectify this, the Kuwait government intends to modify its foreign direct investment laws in order to make it far easier…

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