Despite the challenging global economic landscape and the ongoing monetary policy adjustments by international banks, involving the consistent elevation of interest rates to counter inflation and escalating costs, Kuwait experienced a notable 5% surge in foreign direct investments (FDIs) by the end of the first quarter in 2023.
The recorded FDIs in Kuwait amounted to around 4.85 billion dinars, a noteworthy increase compared to the 4.6 billion dinars registered during the preceding fourth quarter of the previous year, reports Al-Anba daily.
Based on statistics provided by the Central Bank of Kuwait these figures encompass the external financial positions across all sectors excluding the government-related data which is encompassed within the realm of commercial credit and loans administered by the Kuwait Fund for Arab Economic Development.
These statistics underscore Kuwait’s robust endeavors to attract foreign direct investment, position itself as an attractive hub for prospective investments, facilitate licensing applications, and offer exclusive incentives to potential investors.
The inflow of foreign direct investments was allocated, with 352.5 million dinars channeled into Kuwaiti banks and a substantial 4.45 billion dinars invested in other sectors, encompassing diverse investment domains.
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