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Kuwait


Economy Overview
Kuwait
Kuwait is a small country of 2.7 millions inhabitants on the northeast of the Arabian Peninsula on the northwestern coast of the Persian/Arabian Gulf. Kuwait City is its capital city. Kuwait is a resource-rich nation that has lagged behind other countries in the Middle East in attracting foreign direct investment. Since Saddam Hussein invaded nearly two decades ago the aftermaths of the war still affect every Kuwaiti family and the war’s consequences still limit economic expansion. On the other hand, Kuwait has many ingredients necessary to expand rapidly: a strategic location, a strong regulatory system, abundant oil reserves, and, perhaps most important of all, a new generation of entrepreneurs, as reported in the January 2009 edition of the US-Arab Tradeline (published by the National US-Arab Chamber of Commerce). Kuwaitis are beginning to invest at home in infrastructure development, tourism, banking and finance, information and communications technology, and commercial activity o

Economy Statistics
Economy Statistics
Exports: $27.42 billion f.o.b. [?]
Export
Commodities:
oil and refined products, fertilizers [?]
Export
Partners:
Japan 20.5%, South Korea 13.7%, US 12.4%, Singapore 11.3%, Taiwan 9.9% (2004) [?]
Imports: $11.12 billion f.o.b. [?]
Import
Commodities:
food, construction materials, vehicles and parts, clothing [?]
Import
Partners:
US 12.9%, Germany 11.9%, Japan 7.9%, UK 5.5%, Saudi Arabia 5.5%, Italy 5%, France 4.5%, China 4.1% (2004) [?]

Company Browser

Kuwait Chamber of Commerce and Industry
Address: Commercial Area # 9, Al-Shuhadaa St. Kuwait City
Phone: (965)805580 Ext.#555
Fax: (965)2460693
Website: http://www.kuwaitchamber.org.kw/



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