Wednesday, Apr 24, 2019
Kuwait is planning to invest $112 billion in the next five years in the oil and gas sector to boost production, the CEO of Kuwait Petroleum Corp. said,... Mar 21, 2018
Energy | Middle East | Kuwait
Mr. Al-Jouan, Executive Chairman, Mr. Al Wazzan, Vice Chairman, and board members Mr. Boushahri, Mr. Jaffar and Mr. Al Mutairi, of The National Fund for... Nov 10, 2017
Industry & Trade | Middle East | Kuwait
As the nation’s largest and first established bank, NBK is one of the leading financiers of Kuwait’s mega projects, and will play a pivotal... Oct 20, 2017
Finance | Middle East | Kuwait
Kuwait is steadily making the switch from analog to digital governance, keeping pace with social media usage – a far stronger model for direct feedback... Jun 20, 2016
Telecoms & ICT | Government | Middle East | Kuwait
In 2012, HH the Amir, Sheikh Sabah Al Ahmad Al Jaber Al Sabah, created the Ministry of State for Youth Affairs, which is charged with designing and implementing... Jun 15, 2016
Government | Middle East | Kuwait
Across the country the private sector, together with academic and research institutions, is working to support community development and promote prosperity. Jun 13, 2016
Telecoms & ICT | Middle East | Kuwait
At the heart of its humanitarian and development program, the Kuwait Fund for Arab Economic Development (KFAED) has shared the nation’s wealth for... Jun 08, 2016
Government | Middle East | Kuwait
Ahead of the World Humanitarian Summit in Istanbul, Kuwaitis break all records as humanitarian donors. Jun 01, 2016
Government | Middle East | Kuwait
The growth of Ahmadiah has mirrored the growth of Kuwait. Today the construction company continues its significant contribution and partnership with the... Mar 24, 2016
Infrastructure | Real Estate | Middle East | Kuwait
Kuwait is in the midst of transforming its economy from one reliant on oil, to a knowledge-based, diversified system led by a strong private sector Mar 18, 2016
Industry & Trade | Middle East | Kuwait
The pioneering, private sector- led marine megaproject, Sabah Al-Ahmad Sea City, has transformed a vast area of salt marsh into an incredible waterfront... Mar 13, 2016
Infrastructure | Real Estate | Middle East | Kuwait
Kuwait’s most successful privately-owned group invests in real estate on the back of post-crisis expansion, while also heavily supporting education... Mar 07, 2016
Industry & Trade | Conglomerate | Middle East | Kuwait
In this interview, Sheikh Ahmad Duaij Al-Sabah gives his insight into the financial sector... Oct 08, 2018
In this interview, Jamal Abdul Aziz Jaafar discusses how KOC is looking for partners to... Oct 01, 2018
In this interview, Minister of Oil Bakheet Al-Rashidi discusses the major oil and gas projects... Sep 10, 2018
A fully owned subsidiary of Kuwait Petroleum Corporation (KPC), Kuwait Gulf Oil Company... Sep 10, 2018
Kuwait Petroleum International, known by its trademark Q8, is the downstream arm of the... Jul 02, 2018
Last April 25th, 2018 Mr. Abulwahab Al Bader Director (General of the Kuwait... Jul 02, 2018
The Worldfolio speaks with Manaf Alhajeri about how Markaz is contributing to Kuwait’s... Jun 19, 2018
The Worldfolio speaks to H.E. Sheikh Dr. Meshaal Jaber Al-Ahmad Al-Sabah about Kuwait’s... Jun 13, 2018
Minister Hamed Al-Azemi discusses initiatives to enhance the Education and Higher Education... May 17, 2018
Minister Khalid Naser Al-Roudan discusses initiatives to enhance trade and to promote SMEs... May 16, 2018
In January, the Kuwaiti government unveiled its blueprint for the future, New Kuwait Vision... Nov 03, 2017
Khaled AlKhaled, Vice Chairman and CEO of Boursa Kuwait, discusses the transformation of... Oct 24, 2017
The Worldfolio sits down with the leadership of the Behbehani Group, one of Kuwait’s... Jan 24, 2017
Recognized as a Center of Excellence and Reference for diabetes mellitus in the GCC region,... Apr 26, 2016
Chairman of the Kuwait Red Crescent Society (KRCS) and former Minister of Health Dr Hilal... Nov 15, 2015
As technologies become increasingly complex and industries continue to converge, ICT partnerships... Nov 06, 2015
Sheikh Dr Meshaal Jaber Al Ahmad Al Sabah, Director General of the Kuwait Direct Investment... Nov 05, 2015
Dr. Mussaad Al Razouki, Chief Business Development Officer at Kuwait Life Sciences Company... Jul 16, 2015
Dr. Samira Al-Saad has run the Kuwait Center for Autism (KCA) for the past 20 years. Her... Jul 14, 2015
Kuwait has long standing relations with Latin America and Mexico is one of five countries... Jul 06, 2015
The Arab Open University (AOU) is the largest private institution for undergraduates in... Jul 06, 2015
LOCATION:
Middle East, bordering the Persian Gulf, between Iraq and Saudi Arabia
AREA:
total: 17,818 sq km
land: 17,818 sq km
water: 0 sq km
country comparison to the world: 158
AREA - COMPARATIVE:
slightly smaller than New Jersey
LAND BOUNDARIES:
total: 475 km
border countries (2): Iraq 254 km, Saudi Arabia 221 km
COASTLINE:
499 km
NATURAL RESOURCES:
petroleum, fish, shrimp, natural gas
POPULATION:
2,832,776 (July 2016 est.)
note: Kuwait's Public Authority for Civil Information estimates the country's total population to be 4,183,658 for 2015, with immigrants accounting more than 69%
country comparison to the world: 141
NATIONALITY:
noun: Kuwaiti(s)
adjective: Kuwaiti
ETHNIC GROUPS:
Kuwaiti 31.3%, other Arab 27.9%, Asian 37.8%, African 1.9%, other 1.1% (includes European, North American, South American, and Australian) (2013 est.)
LANGUAGES:
Arabic (official), English widely spoken
RELIGIONS:
Muslim (official) 76.7%, Christian 17.3%, other and unspecified 5.9%
note: represents the total population; about 69% of the population consists of immigrants (2013 est.)
COUNTRY NAME:
conventional long form: State of Kuwait
conventional short form: Kuwait
local long form: Dawlat al Kuwayt
local short form: Al Kuwayt
etymology: the name derives from the capital city, which is from Arabic "al-Kuwayt" a diminutive of "kut" meaning "fortress encircled by water"
GOVERNMENT TYPE:
constitutional monarchy
CAPITAL:
name: Kuwait City
GDP (purchasing power parity):
$301.1 billion (2016 est.)
$293.7 billion (2015 est.)
$290.4 billion (2014 est.)
note: data are in 2016 dollars
country comparison to the world: 55
GDP - real growth rate:
2.5% (2016 est.)
1.1% (2015 est.)
0.6% (2014 est.)
country comparison to the world: 117
GDP - composition, by sector of origin:
agriculture: 0.4%
industry: 59.6%
services: 40% (2016 est.)
AGRICULTURE - products:
fish
INDUSTRIES:
petroleum, petrochemicals, cement, shipbuilding and repair, water desalination, food processing, construction materials
EXPORTS:
$43.84 billion (2016 est.)
$55.32 billion (2015 est.)
country comparison to the world: 50
EXPORTS - commodities:
oil and refined products, fertilizers
EXPORTS - partners:
South Korea 14.5%, China 12.1%, India 12.1%, Japan 10.4%, US 7.6%, Pakistan 5.9%, Singapore 4.3% (2015)
IMPORTS:
$28.32 billion (2016 est.)
$27.34 billion (2015 est.)
country comparison to the world: 63
IMPORTS - commodities:
food, construction materials, vehicles and parts, clothing
IMPORTS - partners:
China 13.2%, US 9.6%, Saudi Arabia 7.7%, Japan 6.5%, Germany 5.1%, France 4.3%, India 4.2% (2015)
CRUDE OIL - production:
2.562 million bbl/day (2015 est.)
country comparison to the world: 9
CRUDE OIL - exports:
1.711 million bbl/day (2013 est.)
country comparison to the world: 8
CRUDE OIL - imports:
0 bbl/day (2013 est.)
country comparison to the world: 154
CRUDE OIL - proved reserves:
104 billion bbl (1 January 2016 es)
country comparison to the world: 6
The Worldfolio provides intelligence about the economies with the highest growth potential in the world, with a focus on understanding them from within.
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