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Kuwait and the UK - Opportunities for Further Leverage

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Executive Summary

What is this report about?
The relationship between Britain and Kuwait dates back to the middle of the 18th century and the activities of the British East India Company, which eventually set up an office in the country in 1793. In the 1930s, the British Anglo-Persian Oil Company (APOC) negotiated a concession to explore for oil, and in 1934, the Kuwait Oil Company formed and registered as a joint enterprise with the APOC, which later became BP. There are ample opportunities for Kuwait to tap into the UK's experience. Over the past decade, economic reforms in the UK has enabled job creation and has driven the unemployment rate to one among the lowest among advanced economies, at below 5%. Private sector job creation has always appears high on Kuwait's agenda since most of the nationals currently work for the government. The UK is a major financial center and Kuwait could draw some inspiration from the UK, on developing its financial infrastructure and allied industries. VAT implementation and tax codes are another area that is open for more collaboration between these two countries. This report analyzes the lessons on offer from UK, and possibilities for potential tie-ups in areas of Kuwaiti interest.

Who will benefit and why?
The report will benefit anyone tracking the Kuwait-UK relationships in trade, investments and bilateral cooperation, such as regulators and government agencies, bankers, economists, academia and cross-border traders. This report would help these entities to gain an understanding of the relationship at present, and provide an outlook for the future.

How exhaustive is this report?
We have analyzed the trade and investment relationship between Kuwait and UK, and the various avenues, where bilateral relationship exists between the two countries. The report examines the factors that have led to UK's growth as a major global economy, and the lessons that Kuwait can learn from them. We have also highlighted how Kuwait can strengthen its own economy by leveraging on the strengths of its trade partner, and finally, the sectors of UK that should be of interest to Kuwait, both for potential tie-ups and investments.

FAQ

Who prepared this report?
Experienced and qualified team of Marmore Mena Intelligence has prepared this report. Since its inception, Marmore has published over 1000 research reports and covered more than 25 varied industries and policy segments; all focused primarily on the GCC economies.

Do you have updates?
No. This is a one off report. However, if required, upon specific request we could provide you with an update.

Can I only download certain sections of the report?
No. The report can be downloaded in full length only

Can we ask questions?
Yes, by all means. You can write your queries to us at enquiry@e-marmore.com

Key Questions Addressed

  • What are the major Kuwaiti exports to and imports from UK?
  • What are the areas of bilateral cooperation and agreements between Kuwait and UK?
  • What is the magnitude of UK investment in Kuwait, and which are its areas of interest?
  • What are the key lessons that Kuwait can learn from UK to improve its economy?
  • Which UK sectors are of interest to Kuwait?
  • What are the areas of potential tie-ups with UK?

Table of Contents

  • Executive Summary
  • Kuwait - UK: An Introduction
  • Kuwait's relationship with UK
  • Investments
  • What can Kuwait learn from the UK economic growth story
  • UK's Key Sectors
  • Conclusion

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