VOL. XLVI

No 46

17-November-2003

KUWAIT

CAPITAL MARKETS

Kuwait Takes Measures To Open Up Its Economy To Direct Foreign Investment

The Kuwaiti Council of Ministers has recently issued two decisions intended to open up the economy to foreign capital and promote further privatization in the country. Under the first decision the Minister of Commerce and Industry is authorized to license foreign investors wishing to engage in the following 11 economic activities: manufacturing industries excluding...