Doing Business in Kuwait

Subject - Foreign Trade and Business in Kuwait. Syllabus:

1. Introduction to the State of Kuwait (the Middle East).
2. Kuwaiti economy.
3. Doing Business in Kuwait City
4. Business Opportunities in Kuwait
5. Foreign Trade of Kuwait.
6. Foreign Direct Investment (FDI) in Kuwait
7. Market access
8. Case Study: diversification of Kuwaiti oil industry.
9. Arab Fund for Economic and Social Development
10. Kuwait Fund for Arab Economic Development
11. Introduction to Arabic
12. Business Plan for Kuwait

Kuwaiti businessperson.

1. Nasser Al Kharafi
2. Shaikha Al Bahar
3. Jawad Ahmed Bukhamseen
4. Maha Al Ghunaim

Objectives of the subject "Doing Business in the State of Kuwait":

1. To analyze the Kuwaiti economy and foreign trade
2. To evaluate business opportunities in the State of Kuwait
3. To explore Kuwait's trade relations with the student's country
4. To know Kuwait's Free Trade Agreements (FTAs)
5. To examine the profile of Kuwaiti businesspeople
6. To know the importance of Kuwaiti funds for development
7. To develop a business plan for the Kuwaiti market

Sample of the subject - Business in Kuwait:

Subject Description - International Trade and Doing Business in Kuwait:

The State of Kuwait:

1. The most populated region is the capital, Kuwait City.
2. Besides being the economic and commercial center of Kuwait, Kuwait City is a major oil and petroleum products production port.
3. Borders of Kuwait: Iraq and Saudi Arabia.
4. Abolition of slavery in Kuwait: 1949
5. Independence from the United Kingdom: 1961
6. The population of Kuwait: 4 millions of people
7. Area: 17,820 Km²
8. Kuwaiti official language: Arabic

Religion in Kuwait

1. Islam Sunni is the main religion of Kuwait
2. The main school of Islamic Jurisprudence is Maliki

Kuwait belongs to the Arab Economic Area of the Islamic Civilization.

The economy of Kuwait.

1. Kuwaiti economy is as small, wealthy, and open (GDP was 149,000 dollars).
2. The vast reserves of petroleum are the pillar of the Kuwaiti economy (oil and its derivatives generate 95% of exports the State of Kuwait).
3. The State of Kuwait produces an average of 2.6 million barrels a day.
4. Proven natural gas reserves of the State of Kuwait are 1% of the world reserves.
5. In the non-oil sector, the main activities are desalination, food processing, building materials, plastics, cement, and metal products.
6. Kuwaiti services sector represents about 34% of GDP. Kuwait Stock Exchange is the third largest in the Middle East (behind Egypt and Saudi Arabia).
7. Commercial distribution sector has grown significantly in recent years (malls).
8. Currency: Kuwaiti Dinar (KWD)

Foreign Trade of Kuwait.

1. The main products of Kuwaiti exports are oil and oil products and fertilizers
2. The main destinations of Kuwaiti exports are Japan 19.9%, South Korea 17 %, Taiwan 11.2%, Singapore 9.9 %, U.S. 8.4%, the Netherlands 4.8%, and China 4.4 %
3. The main products imported from the State of Kuwait products are food, building materials, automobiles and parts, and clothes
4. The main origins of Kuwaiti imports are the U.S. (12.7%), Japan (8.5%), Germany (7.3%), China (6.8%), South Korea, Saudi Arabia, Italy, and the United Kingdom.

Kuwait has Free Trade Agreements (FTA) as a member of the Gulf Cooperation Council (GCC) with China, Korea, Australia, the European Free Trade Association (EFTA), New Zealand, Thailand, and the MERCOSUR.

1. The European Union-Gulf Cooperation Council (GCC)
2. India-Gulf Cooperation Council (GCC)
3. Australia-Gulf Cooperation Council FTA
4. Trade Preferential System among the Member States of the Organization of Islamic Cooperation (TPS-OIC)

Regional Institutions (Kuwait).

1. Arab League
2. Summit of South American-Arab Countries (ASPA)
3. Asia-Middle East Dialogue (AMED)
4. Islamic Development Bank
5. Economic and Social Commission for Western Asia (ESCWA)
6. Organization of Islamic Cooperation (OIC)
7. Arab Gulf Program for United Nations Development Organizations (AGFUND)
8. Asia Cooperation Dialogue (ACD)
9. United Nations (UN)
10. World Trade Organization (WTO)
11. World Bank (WB)
12. International Monetary Fund (IMF)

Shaikha Al Bahar: