22 June, 2015: Kuwait Direct Investment Promotion Authority (KDIPA) issued an Investment License to the global company “Huawei” “to establish a 100% owned limited liability Kuwaiti Company, benefiting from the incentives and exemptions granted by Law No. 116 of 2013 regarding the Promotion of Direct Investment in the State of Kuwait, with a total investment value of KD 353 million. The new company, “Huawei Kuwait”, will contribute to develop and enhance the ICT sector in Kuwait by providing innovative and integrated enterprise solutions, advanced technologies, and professional services in communications systems, equipment, supplies and spare parts, as well as wireless equipment, and mobile phones and accessories. Dr. Meshaal Jaber Al-Ahmad Al-Sabah, KDIPA’s Director General, welcomed the initiative of this global company to strengthen its presence in the Kuwaiti market, and reiterated the resolve to support and facilitate such value added foreign investments that will contribute to sustainable growth, and the diversification of the economy to achieve Kuwait’s “National Vision 2035”. It is worth mentioning that Huawei has been a key player in supporting the development of ICT industry and digitization transformation, which resulted in accomplishing milestones projects with telecom operators, in both public and private sectors.
