Kuwait Direct Investment Promotion Authority (KDIPA) signed a Memorandum of Understanding (MOU) with Oxford Business Group (OBG), a global publishing firm, for its forthcoming report on the country. Under this MOU, KDIPA will continue to collaborate with OBG to facilitate interviews and access research material for the compilation of The Report: Kuwait 2016.
The Report: Kuwait 2016 will highlight Kuwait’s mega projects in various priority sectors, and plans to sharpen the focus on ICT integration, in line with the country’s push to increase efficiency and competitiveness by streamlining services through the use of big data analytics. It will also depict recent moves to build the knowledge economy pillars and foster creativity and innovation in its national enterprises business ventures and product development.
KDIPA’s Director General Sheikh Dr Meshaal Jaber Al-Ahmad Al-Sabah, expressed his hope for the new Report to look at the key initiatives that will buttress the country’s resolve to speed up economic diversification, and encourage a larger role for the private sector, capitalizing on the convening of the landmark first Kuwait Investment Forum, which is scheduled to take place in March 2016 under the patronage of HH the Amir. He clarified that “The $1.2bn of direct investment licensed by KDIPA in its first year of operation reflects the solid progress that Kuwait has made to attract value added investments that will serve as a channel to foster technology transfer and spur innovation, while providing the necessary facilitation and aftercare, and ensuring a pro-business environment.”