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The Business Year, KDIPA co-host ‘The Kuwait Innovation Forum’

Over 240 leaders from Kuwait’s economy, including representatives from both the private and public sectors, convened to explore the potential of technology and innovation in enhancing country’s business environment.

  • The Business Year and KDIPA unveiled the latest research on the local economy titled The Business Year: Kuwait 2024.

  • ‘The Kuwait Innovation Forum’ featured two panels. The first panel discussed Kuwait’s development landscape, focusing on real estate, infrastructure, and innovation, while the second panel focused on the digitalization landscape.

  • KDIPA, an economic enabler in Kuwait, has been aiding businesses in adopting resilient, agile, and sustainable practices aligning with Vision 2035.

The Business Year (TBY), a prominent global media group offering insights into dynamic markets for 15 years, partnered with Kuwait Direct Investment Promotion Authority (KDIPA) to host ‘The Kuwait Innovation Forum’ and unveil ‘The Business Year: Kuwait 2024’, TBY’s seventh annual publication covering the Kuwaiti economy.

KDIPA, an economic enabler in Kuwait, has been aiding businesses in adopting resilient, agile, and sustainable practices aligning with Vision 2035.

The event, held on April 23 at the Arraya Ballroom in Kuwait City, saw over 240 leaders from Kuwait’s economy, including representatives from both private and public sectors. They convened to explore technology and innovation’s potential in enhancing Kuwait’s business environment.

The opening remarks were delivered by HE Dr. Anwar Ali Al-Mudhaf, Kuwait’s Minister of Finance and Minister of State for Economic and Investment Affairs, followed by presentations from Khaled AlShamlan, CEO of Kuwait Finance House, and Waleed Al Khashti, Chief Corporate Affairs and Relations Officer at Zain Kuwait.

The event featured two panels. The first panel discussed Kuwait’s development landscape, focusing on real estate, infrastructure, and innovation. It included Mazen Hawwa, Vice-Chairman and Group CEO of United Real Estate Co.; Dr. Ahmad Alshorbagy, Head of Projects and International Dispute Resolution at Al-Yaqout & Al-Fouzan Legal Group; and Abdullah Al Saleh, CEO of Sakan. The discussion was moderated by Nasser Al Khreibut, DG for Planning and Design at PAHW.

The second panel focused on the digitalization landscape and featured Sheikh Ahmad Duaij Jaber Al Sabah, Chairman of the Kuwait Banking Association; David Rutter, CEO of R3; Faisal Alharoun, Managing Director-Kuwait at Tap Payments; and Dalal Alrayes, Co-Founder & CEO at Spare. Alex Krunic, Senior Consultant at Al Tijari, moderated the discussion.

The event was co-organized by The Business Year and KDIPA, with the support of Kuwait Finance House (KFH), Zain, United Real Estate Co., BIG – Beyout Investment Group, Sakan, Commercial Bank of Kuwait – Al-Tijari, Warba Bank, Tap Payments, Kuwait Banking Association (KBA), Al-Yaqout & Al-Fouzan Legal Group, M2R Group, Al Qabas, Al-Mulla Rental and Leasing, AmCham Kuwait, and the German Business Council Kuwait and ITL World

The Business Year: Kuwait 2024 will be available on major business information platforms, including Bloomberg Terminal, Refinitiv Eikon, Dow Jones Factiva, and FactSet. It is also accessible on PressReader, Google Books, Issuu, and at thebusinessyear.com.



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