Blackstone, the world’s largest alternative asset manager, announced plans on Monday to open an office in Kuwait through the Kuwait Direct Investment Promotion Authority (KDIPA), marking a significant expansion of its presence across the Gulf Cooperation Council (GCC) region.
The company said it expects to open the Kuwait office during the third quarter of 2026 and plans to further expand its regional footprint by establishing additional offices in GCC countries over the next year.
Commenting on the move, Jonathan Gray, President and Chief Operating Officer of Blackstone, said Kuwait has the resources, vision, and leadership to become a leading commercial and financial hub in the region.
He added that private capital investments can play an important role in supporting Kuwait’s long-term economic diversification efforts and expressed the firm’s commitment to strengthening its longstanding partnership with the country, which spans nearly four decades.
For his part, Sheikh Dr. Meshaal Jaber Al-Ahmad Al-Sabah, Director-General of KDIPA, said the decision by a leading global investment firm such as Blackstone to establish a presence in Kuwait reflects growing international confidence in the country’s long-term economic prospects.
He added that attracting major international companies reinforces Kuwait’s position as an investment destination and supports its vision for sustainable economic growth.
