Privatization in Kuwait

Article Abstract:

The Finance and Economy Committee of Kuwait's National Assembly has approved a draft Privatization Law. The law, which has been submitted for debate to the National Assembly, is a key recommendation of a World Bank team sent to the country after its liberation in 1991. The privatization process will begin with the divestment of the various holdings owned by the Kuwait Investment Authority. These investments, which are for firms listed at the Kuwait Stock Exchange, have an aggregate value of more than $2 billion.

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Kuwait: draft privatization law ...

Article Abstract:

The National Assembly of Kuwait is anticipated to discuss the country's draft privatization law that is envisioned to enhance Kuwait's privatization program. The law, which was endorsed by the Financial and Economic Committee of the National Assembly, is expected to hasten the transfer of state-owned utilities to private enterprises. The draft privatization law requires the approval of the National Assembly and Emir Sheik Jaber al-Ahmed al-Sabah to be effective.

Economics, Research and Development in the Social Sciences and Humanities

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New law on leasing/investment companies aimed at boosting Kuwait's financial sector

Article Abstract:

Kuwait's new legislation on the licensing of leasing and investment firms is believed to be one of a string of new legislations aimed at reviving the country's economy. For instance, drafts of planned foreign investment and copyright legislations are being studied by the country's authorities. Several of the new law's objectives are to create and promote the country as a financial hub, to foster the private sector and develop new investment opportunities.

Investment Offices, Investment Companies, Open-End Investment Funds, Management, Financial institutions

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