ABSTRACT
Kuwait offers the foreign investor the climate of an open and virtually restriction-free market with well-developed financial and investment institutions. Successful penetration of the Kuwaiti market can lead a firm to additional contracts in other Arab states. The government offers opportunities to exporters in the design, engineering, and construction services required by its extensive welfare program that includes housing, schools, hospitals, and other health and municipal facilities. Foreign firms should consider the fact that the level of sales is linked to the scale of development in Kuwait. The government is anxious to expand the base and rate of development as fast as possible in the realization that oil is a diminishing asset. Promising areas in Kuwait for the successful growth of a trade-investment arrangement are in petroleum-related industries, steel mills, hotels, and automobile assembly plants. The outlook for investment in the form of licensing agreements could be slow and somewhat uncertain in early stages.
