November 26, 2014: Kuwait Direct Investment Promotion Authority (KDIPA) supported the ninth MEED Kuwait Projects annual conference, which took place during the period November 24-25, 2014, in Regency Hotel. Dr. Meshaal Jaber Al Ahmad Al Sabah, KDIPA’s Director General, took part in the first day panel session on “The Kuwaitization Debate: is delayed decision making the main threat facing Kuwait’s projects program and its ability to move forward and who has final say?”. He explained the recent developments that contributed to positively changing the investment legal and regulatory landscape in Kuwait with the approval of a host of economic laws, and the expected promising role of the newly established public entities, including KDIPA’s and its Law No. 116/2013. He expressed his optimism that Kuwait will attract more FDI inflows with several interesting projects in the pipeline, as noted from the rising confidence of potential investors. Dr. Meshaal pointed out some of the unique attributes that characterizes Kuwait and will enable it to foster its competitive position regionally and globally. Furthermore, Head of KDIPA’s legal team, Mrs. Amal Al Fassam, led the afternoon Roundtable on recent changes to investment and company registration law and how these benefit bidders and investors. The discussions focused on reviewing several aspects of recent law changes that further promotes transparency for investment and project delivery.
MEED Kuwait Projects conference this year covered projects worth US$ 160 billion in the vital sectors of oil & gas, transport & infrastructure, education & health, power & water, housing & real estate, as well as environmental and industrial projects of which are the KNPC Clean Fuels Project, and Shamal Azzour, the first IWPP project in Kuwait . For the first time in this conference MEED granted Kuwait Leadership Award to KNPC for its outstanding contribution to the development of Kuwait’s economy, the global oil industry, and recent project progress in the Middle East. An accompanying exhibition was organized to display sponsors representing engineering, legal and consulting firms and project developers. The United Kingdom Trade & Investment (UKTI) was a partner in this event, reflecting strength of UK-Kuwait economic relations.
For more information: https://www.meedkuwaitprojects.com/