In a rapidly evolving global economy, where nations are racing to secure their place in the future, Kuwait has chosen a moment of clarity and ambition to chart a bold new course.
Against this backdrop of change and opportunity, the “Kuwait New Economic Strategy 2025” conference convened as a national milestone — a platform for unveiling transformative policies, attracting strategic investment, and reinforcing Kuwait’s commitment to sustainable, diversified growth.
Hosted by the Kuwait Direct Investment Promotion Authority in cooperation with The Business Year Group, the event marked more than just another date on the economic calendar — it heralded the dawn of a new national vision.
Minister of Commerce and Industry Khalifa Al-Ajeel addressed the audience with purpose and optimism. “We are facing a historic opportunity to move Kuwait into a new phase of growth, productivity, and partnership,” he declared, setting the tone for what would become a resounding call to action.
Al-Ajeel spoke of a Kuwait determined to reshape its economic destiny. Behind the scenes, the government has been working tirelessly on ambitious policies aimed at revamping the structure of the national economy, promoting diversification, and building a more agile and efficient state.
Among the legislative milestones he cited were the Public Debt Law, designed to optimize financial sustainability, and the Real Estate Developer Law, a catalyst expected to breathe new life into Kuwait’s real estate, banking, and investment sectors.
But the transformation doesn’t stop there. Al-Ajeel highlighted forward-thinking initiatives such as the Smart License Project and the Office License Merger System, as well as significant amendments to the Companies Law — each a building block in the foundation of a more investor-friendly business climate.
The results, he noted, are already showing. Prior to the implementation of these reforms, Kuwait’s non-oil GDP experienced an encouraging 4% growth, a signal that efforts to diversify income are beginning to bear fruit.
Looking toward the horizon, Al-Ajeel expressed the government’s commitment to driving those numbers even higher in the years ahead. Part of that strategy includes welcoming the world to Kuwait’s evolving investment landscape. He shared that a 20% surge in foreign direct investment (FDI) had been recorded over the past year, thanks to reforms aimed at boosting transparency, legal security, and investor confidence.
Indeed, Kuwait’s ambitions are global. The country has begun drawing significant international investment in technology, renewable energy, and infrastructure. From the Al-Zour Refinery to Mubarak Al-Kabeer Port and the National Railway project, these megaprojects aren’t just symbols of progress — they are the engines of a sustainable, innovation-driven economy.
Yet, amid all this growth, Al-Ajeel was quick to acknowledge the steady hand guiding the nation’s transformation: His Highness the Amir Sheikh Meshal Al-Ahmad Al-Jaber Al-Sabah. The Amir’s directives, the minister said, serve as a compass for policy and vision. His Highness has consistently underscored the urgency of building a resilient, knowledge-based economy, one that positions the private sector at the forefront, empowered by public support and aligned with global trends.
“The challenge today lies not in formulating ambitions, but in making them real,” Al-Ajeel told the crowd, urging greater cooperation between the public and private sectors, investment in national talent, and unwavering commitment to Kuwait’s future as a regional leader and global player.
With confidence and clarity, Al-Ajeel closed his address with a promise of progress: a new Kuwaiti economic model rooted in partnership, driven by innovation, and most importantly — centered on the power and potential of its people.
