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ARTICLE · 13 SEPTEMBER 2019

Kuwait Law On Borrowing Finances Being Discussed

Kuwait is a nation that receives significant global attention for many reasons. It is highly wealthy, having among the largest oil reserves in the world

KuwaitGovernment, Public Sector

Introduction

Kuwait is a nation that receives significant global attention for many reasons. It is highly wealthy, having among the largest oil reserves in the world. Similar to some of its neighbouring GCC and Middle Eastern countries, it has experienced substantial growth in just the last few decades. It is a modern marvel, and this has attracted many international businesses as well as expatriate workers, who make up around 70% of the total population.

While the nation's wealth and subsequent growth over the past decades began due to the vast oil reserves present, the country has attempted to diversify its economy to safeguard its future. It has achieved this to a degree and continues to aim for true diversity.

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