5 May, 2015: The Permanent Committee for Streamlining Business Environment in Kuwait (Permanent Committee), headed by Kuwait Direct Investment Promotion Authority (KDIPA), and established in accordance with Council of Ministers Decision No. 1551 issued on December 9, 2013, held its meeting on May 4, 2015, joined by the new members, who were designated by a Council of Ministers Decision No. 116 issued on January 26, 2015. The new members include representatives from the Ministry of Finance, the Central Bank of Kuwait and the General Directorate for Customs. Sheikh Dr. Meshaal Jaber Al Ahmad Al Sabah, Director General of KDIPA, and Chairman of the Committee, welcomed the new members, and provided a overview of the actions taken stemming from the Permanent Committee’s recommendations, as well as the developments that took place in the previous period. He also briefed them on the outcome of the first Public Private dialogue that KDIPA organized back in January 7, 2015, with the contributors of the questionnaires used by the World Bank team to prepare the Doing Business Report, and the field visits undertaken by KDIPA team to identify barriers and solutions. Furthermore, a presentation was given showing the terms and deliverables of the technical agreement signed with the World Bank Group to perform an indicator based reform and develop Kuwait’s investment reform map, which was developed based on the deliberations and engagement with the World Bank Doing Business team in the scooping workshop conducted in Kuwait during the period January 11-13, 2015. A copy of the Permanent Committee second report to the Council of Ministers delivered back in December 2014 was distributed. The meeting concluded with discussion on the needed collaboration within the upcoming roadmap to prepare the second national report on Doing Business in Kuwait that shall be duly sent to the World Bank Doing business Team.
