As a percentage of world per capita income, Kuwait ranks fourth and as a percentage of GCC per capita, it ranks second. You can rest assured that whatever sector you decide to incorporate your company in Kuwait, the chances of success are high. As a starting point for your business, Kuwait offers a variety of investment opportunities because of its strong economy, supportive government, and ease of doing business. A number of laws and regulations have been put in place by the Kuwaiti government to encourage foreign direct investment in the country.
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- Material Handling And Equipment Business
Kuwait’s construction equipment market is forecast to grow at over 5.5% CAGR between 2022-2028 according to the latest research report. As a result of the increase in government investment in infrastructure & renovation projects, the demand for construction equipment from the oil sector, and Kuwait’s plan to build wind and solar parks, the construction equipment market has experienced rapid growth.
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- Cosmetics And Perfumes Business
Personal care products are growing strongly in Kuwait due to an increased acceptance of fragrances, skincare, and spa treatments, as well as consumers’ willingness to invest in them. Furthermore, with the growth of e-commerce and the penetration of the internet, consumers are now able to buy international brands and luxury-category perfumes from the comfort of their own homes and offices.
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- Fish Processing Business
Agricultural Affairs and Fish Resources Authority (PAAFR) Kuwait aims to achieve self-sufficiency of local fish and narrow the gap between supply and demand for seafood products.
According to the 2018-2019 development plan, the government included a fish farming project aimed at expanding and improving several different operations, including the development of new methods and techniques for fish farming, increasing production, improving fish quality, and creating natural fish reserves within territorial waters.
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- Textile Business
Many textile companies are located in Kuwait to strengthen the Kuwaiti textile industry. Fabrics and leather are the most common products they produce. Textiles made of silk and cotton are also popular in Kuwait, as are polyester fabrics, cotton and polyester woven fabric, linen fabrics, and nylon woven fabrics.
- Solar Energy And Power Business
During the forecast period (2022-2027), Kuwait’s solar energy market is expected to grow at a CAGR of more than 7%. As solar projects and investments increase, along with declining PV costs, Kuwait’s solar market should grow over the forecast period. Solar insolation in Kuwait can reach more than 7.0 kWh/m2/day on average, with an average daily solar intake of 9-11 hours.
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- Printing Business
Nowadays, everyone is done with old, traditional gifts. You might want to consider starting your own printing company. Personalized items, such as coffee mugs, photo frames, visiting cards, and T-shirts, can be ordered. As a result, you will be able to attract more customers, and thus increase your revenue.
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- Food And Beverage Business
Recent interest has grown in Kuwait’s food and beverage industry. Several factors support this industry, including an increase in the number of people, an increase in income, and a changing demographic. According to the government, the industry has one of the best performances in the country.
- Agri-Based Business
US food products were imported into Kuwait for $277.6 million in 2021, making it the third-largest market in the GCC. Among the best prospects for U.S. food sales in Kuwait are consumer-ready products such as tree nuts, prepared foods, snack foods, dairy products, poultry products, and beef products.
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