Kuwait: Separate Investment Ministry Could be Established

Kuwait: Separate Investment Ministry Could be Established News developments

Kuwait: Separate Investment Ministry Could be Established

Kuwait Times, 7 September 2021: The Kuwaiti Government is considering splitting the Finance Ministry into two.

One would be solely responsible for investment.

The aim is to promote greater independent decision-making.

It would include the investment bodies which manage state finances. It would have members from the Public Institution for Social Security, Kuwait Investment Authority, Kuwait Direct Investment Promotion Authority, Kuwait Authority for Partnership Projects, Kuwait Privatisation Agency, Central Bank among others.

The Investment Minister would be Kuwait Investment Authority board member Fahad Al-Rashed.

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Marlé Van Sandwyk