7 For European and Belgian companies, this represents a valuable opportunity. We are actively seeking international expertise in areas like smart city development, clean energy, digital transformation, healthcare systems, and education services. Belgian firms, in particular, with their strong track record in innovation and sustainability, are well positioned to contribute meaningfully to Kuwait’s development journey under Vision 2035. As Kuwait intensifies efforts to diversify its economy, which sectors are currently experiencing strong growth or opening up to new opportunities, and what recent reforms have been implemented to facilitate foreign investment and enhance the overall business climate? We are moving with determination to diversify our economy, and we are seeing strong momentum across several sectors. Petrochemicals and downstream industries continue to grow, but we are also seeing rapid development in renewable energy, digital technologies, healthcare, and real estate. To suppor t thi s di vers i f i cat ion, the government has enacted a series of reforms aimed at making Kuwait more attractive to foreign investors. These include the introduction of the Public Debt Law to enhance fiscal sustainability, and the Real Estate Developer Law, which stimulates private investment in both the real estate and banking sectors. We’ve also launched digital initiatives like the Smart License Project and the Office Licenses Merger System, simpl i fying business registration and reducing bureaucracy. These are part of our broader shift toward digital governance and innovation-led growth. We’re also exploring the development of a dedicated Carbon Zone, which will support clean energy research, carbon capture technologies, and green industry investment. These reforms are sending a clear message: Kuwait is open for business and committed to creating a dynamic, investor-friendly economy. Kuwait has historically been a financial hub in the region. What is your vision for the country’s future in this regard? Are there ambitions to further develop Kuwait as a regional or international financial center? Yes, absolutely. Kuwait has long had a respected role as a financial player in the region, and we are now working to enhance and modernize that role. Our vision is to position Kuwait as a safe, stable, and globally competitive financial center, both regionally and internationally. To that end, we are developing special financial zones, introducing more flexible and transparent regulations, and creating an environment conducive to fintech, wealth management, and digital finance. We are also pursuing legislation that promotes asset protection and attracts high-net-worth individuals and global investors. The goal is to offer not only a robust financial infrastructure, but also awelcoming platform for international financial institutions, investors, and innovators. We are drawing inspiration from successful financial hubs globally while adapting those models to fit Kuwait’s unique economic strengths and regional role.
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