Kuwait To Drive A New Era In Global Geopolitics And Growth With Northern Gulf Gateway

The first session of the Kuwait Investment Forum 2018 (KIF 2018), on ‘Investing for the Future Kuwait’ presented a bold statement in global geopolitics from Kuwait – driving the closer cooperation with the region – through the ambitious Northern Gulf Gateway, an integrated flagship project for realising the Kuwait National Vision 2035 that will open doors for investment opportunities for US, European, Chinese and Asian investors.

H.E. Sheikh Nasser Sabah Al-Ahmad Al-Sabah, First Deputy Prime Minister and Minister of Defense, Kuwait; Dr. Merza Hasan – Executive Director & Dean of the Board of Executive Directors, World Bank Group; Mr. Omar Kutayba Alghanim – CEO, Alghanim Industries & Chairman, Gulf Bank Kuwait; Mr. Timothy Keating – Executive Vice President of Government Operations, The Boeing Company, USA; and Ms. Noura Al-Qabandi – Director of International Affairs and Research Department, CITRA, Kuwait, addressed the session.

The panelists underlined the importance of fostering regional and global liberalisation, trade integration and cultural integration, and the leading role of the private sector in development, financing and investment, as well as the need to introduce legislation and supportive systems for sustainable development.

More details of the Northern Gulf Gateway that opens tremendous opportunities for investment and its impact on the economy were also announced.

• US$150 to 200 billon in FDI for developing 20% of the project
• Northern Gulf Gateway to add US$220 billion to the GDP
• Development to create 300,000 to 400,000 knowledge-based jobs for world’s youth
• To attract 3 to 5 million visitors annually, opening new investment opportunities for the tourism, hospitality and leisure sectors
• Board of Trustees of the Harbour City in Northern Gulf Gateway to discuss with Chinese companies on May 1

KIF2018 has remarkable guest speakers including prominent pubic officials, leading Kuwaiti business and financial community, as well as prominent international business executives.  For more details, visit:kif.kdipa.gov.kw