Economic Diversification remains a priority for Kuwait as the government works to attract investment and strengthen national competitiveness. Minister of State for Economic Affairs and Investment and Acting Minister of Commerce and Industry Abdulaziz Al-Marzouq outlined these priorities on Tuesday.
He delivered his remarks during the opening session of the 30th World Investment Conference in Geneva. The World Association of Investment Promotion Agencies organised the event, bringing together ministers, senior government officials and representatives of international organisations and investment institutions.
Al-Marzouq said Kuwait aims to create a more attractive environment for long-term investment. Moreover, the country wants to expand foreign investment opportunities while developing a stronger and more diversified economy.
The minister emphasised that attracting international capital should not represent the only measure of investment success. Instead, Kuwait wants foreign investment to generate lasting benefits across its national economy.
He highlighted the importance of connecting international investors with local businesses and national talent. This approach, he explained, can strengthen domestic capabilities while creating opportunities for knowledge and technology transfer.
Furthermore, Al-Marzouq called for investment policies that deliver greater economic value. He stressed that authorities should direct investment towards activities that support productivity, innovation and sustainable development.
According to the minister, governments should assess investment performance through several important indicators. These include foreign direct investment flows, job creation, technology transfer, productivity improvements and contributions to long-term economic growth.
His remarks placed local participation at the centre of Kuwait’s investment ambitions. By encouraging stronger relationships between foreign companies, domestic suppliers and skilled professionals, the country aims to increase the wider benefits of international investment.
The minister’s comments also highlighted a broader shift in Kuwait’s approach to Economic Diversification. Rather than focusing exclusively on attracting investors, the government wants investment to strengthen productive sectors and support sustainable economic development.
The conference provided an international platform for discussing investment strategies and the changing priorities of global economies. Kuwait used the occasion to communicate its commitment to building a competitive business environment and attracting investment with lasting national benefits.
