Kuwait city: Kuwait Direct Investment Promotion Authority (KDIPA) issued its tenth annual report for the fiscal year 2024/2025, detailing key activities conducted by the Authority from April 1, 2024, to March 31, 2025. According to Kuwait News Agency, the report highlights KDIPA's ongoing efforts to enhance the business environment, develop national capabilities, and advance sustainability, governance, and digital transformation in line with Kuwait Vision 2035. In a statement to KUNA, KDIPA reported notable growth in performance, with new direct investments amounting to KD 222,855,092 million (approximately $725 million) and cumulative approved investments rising to KD 1,972,001,843 (approximately $6 billion) from January 1, 2015, to March 31, 2025. These investments cover 105 entities from 34 countries across 16 key sectors, including ICT, oil and gas services, infrastructure, energy, health, insurance, aviation, agriculture, and environment. The report also addresses the economic impact of these investme nts, such as job creation, talent development, technology transfer, enhancement of local content and exports, and a 17.6 percent increase in domestic spending by licensed entities, which reached KD 1,087,161,697 (approximately $3.5 billion) based on KDIPA's Kuwait Economic Benefit Model (KEBM). Celebrating ten years since its inception under Law No. 116 of 2013, KDIPA emphasized its institutional progress and achievements over the past decade. Sheikh Dr. Meshaal Jaber Al-Ahmad Al-Sabah remarked, "The first decade of KDIPA's journey reflects Kuwait's ability to attract value-added investments and maximize their role in supporting economic development, which is made possible through our institutional commitment and strong partnerships across the public and private sectors."
