KUWAIT: Oxford Business Group (OBG), a global publishing firm, has signed a Memorandum of Understanding (MOU) with the Kuwait Direct Investment Promotion Authority (KDIPA) for its forthcoming report on the country. Under this MOU, OBG will continue to collaborate with KDIPA to facilitate interviews and access research material for the compilation of The Report: Kuwait 2016.
The Report: Kuwait 2016 will highlight Kuwait’s mega projects in various priority sectors, and plans to sharpen the focus on ICT integration, in line with the country’s push to increase efficiency and competitiveness by streamlining services through the use of big data analytics. It will also depict recent moves to build the knowledge economy pillars and foster creativity and innovation in its national enterprises business ventures and product development.
KDIPA’s Director General Sheikh Dr Meshaal Jaber Al-Ahmad Al-Sabah, expressed his hope for the new Report to look at the key initiatives that will buttress the country’s resolve to speed up economic diversification, and encourage a larger role for the private sector, capitalizing on the convening of the landmark first Kuwait Investment Forum, which is scheduled to take place in March 2016 under the patronage of HH the Amir. He clarified that “The $1.2bn of direct investment licensed by KDIPA in its first year of operation reflects the solid progress that Kuwait has made to attract value added investments that will serve as a channel to foster technology transfer and spur innovation, while providing the necessary facilitation and aftercare, and ensuring a pro-business environment.”
Jana Treeck, OBG’s Managing Director for the Middle East, commented that “Kuwait has set itself many ambitious targets in its Second Development Plan 2015-2020 and Vision 2035,” she said. “I’m delighted to cooperate with KDIPA as OBG primary partner for more than a decade, and other local partners, to successfully chart the country’s progress as it edges towards its long-term goals.”
The Report: Kuwait 2016 will be a vital guide to the many facets of the country, including its macroeconomics, infrastructure, banking and other sectoral developments. The publication will also contain contributions by H.H. the Emir of Kuwait Sheikh Sabah Al Ahmed Al Jaber Al Sabah, and several other leading representatives. It will be available in both print and online.
Oxford Business Group (OBG) is a global publishing, research and consultancy firm, which publishes economic intelligence on the markets of the Middle East, Africa, Asia and Latin America and the Caribbean. Through its range of print and online products, OBG offers comprehensive and accurate analysis of macroeconomic and sectoral developments, including banking, capital markets, insurance, energy, transport, industry and telecoms.
The critically acclaimed economic and business reports have become the leading source of business intelligence on developing countries in the regions they cover. OBG’s online economic briefings provide up-to-date in-depth analysis on the issues that matter for tens of thousands of subscribers worldwide. OBG’s consultancy arm offers tailor-made market intelligence and advice to firms currently operating in these markets and those looking to enter them.