The government enacted Law No. 116 of 2013 concerning Foreign Direct Investment (the Law). The Law, which repeals Foreign Capital Direct Investment Law No. 8 of 2001, will become effective 6 months after its publication in the Official Gazette, i.e. on 16 December 2013.
The Law reflects a plan from the government to improve the investment legal environment and to make Kuwait an attractive destination for foreign direct investment and a financial and commercial centre in the reg…