February 8, 2015: Kuwait Direct Investment Promotion Authority (KDIPA) announces the issuance of the Council of Ministers Decision No. (75) of 2015 issued on January 26, 2015, regarding the List of Excluded Direct Investments from the Stipulations of Law No. (116) of 2013 regarding the Promotion of Direct Investment in the State of Kuwait. The said resolution has entered into force as of the date it was published in the Official Gazette issue No. (1221) on February 1, 2015. KDIPA, in coordination with competent authorities, will start applying the excluded list of economic activities from those activities that can benefit from the scope of the provisions of Law No. 116 of 2013.
The list of activities identified in the said resolution covers (9) activities under ISIC (Rev.4, 6-digits) namely:
1: Extraction of crude petroleum ( Class 0610)
2:Extraction of natural gas (Class 0620 )
3: Manufacture of coke oven products ( Class 1910)
4: Manufacture of fertilizers and nitrogen compounds ( Class 2012)
5: Manufacture of gas; distribution of gaseous fuels through mains
( Class 3520)
6:Real Estate (Level L), excluding privately operated buidling development porjects
7: Security and investigation activities (Division 80)
8: Public administration and defense; compulsory social security (Level O)
9: Activities of membership organizations (Division 94)
In addition to:
10. Activities of hiring labor including domestic labor.
For a copy of the Resolution please click here
