As Kuwait puts measures in place to transform itself into a world-class financial and commercial centre, there are opportunities for the private sector to grab a slice of the action. With this in mind, the Financial Times, fDi Magazine and Kuwait Direct Investment Promotion Authority (KDIPA) are delighted to present the Kuwait Investment Outreach Roadshow, a series of three events, starting in London.
Kuwait Investment Outreach Roadshow, London
Discover The Opportunities In A Transformed Economy
H.E. Sheikh Dr. Meshaal Jaber Al Ahmad Al Sabah
Kuwait Direct Investment Promotion Authority
Manaf Abdulaziz Al-Hajeri
Kuwait Financial Centre, Markaz
Sheikh Nawaf Saud Al-Sabah
Kuwait Foreign Petroleum Exploration Company
In Partnership with
“An honest appraisal of where Kuwait is currently and a realistic picture where they want to go, developing the tool and infrastructure to get there.” Roger de Kassel, Navizone
“A very useful forum to meet key Kuwaiti economic policy stakeholders and decision makers.“ Anonymous
As Kuwait puts measures in place to transform itself into a world-class financial and commercial centre, there are opportunities for the private sector to grab a slice of the action. New laws on foreign investment and public-private partnerships have proved popular with investors. Other developments include opening the stock market to non-Kuwaitis and the entry of foreign firms into key sectors such as banking.
The country’s ideal location and high quality of life are matched by consistent oil reserves, modern infrastructure, robust legal framework, strong macroeconomics, sound banking system and low political risk.
Kuwait enjoys strong investment-grade sovereign ratings (AA/Aa2) and low political risk ratings from major credit agencies globally. It was ranked 30 of 137 countries for its overall macroeconomic environment and 7 for its government debt as a percentage of GDP (WEF Global Competitiveness Report 2017-18). And the WEF also ranks it as the world’s third most attractive tax regime. Despite these advances, challenges remain, and investors want the country to enact policies and cut red tape to make setting up a business easier which Kuwait is working on especially that it improved its rank from 102 to 96 out of 190 in the World Bank Doing Business Report 2018 and improved its DTF score in starting a business and registering property.
Opportunities for investors exist in sectors as diverse as healthcare services, oil and gas and downstream manufacturing, education and training, finance and banking, and information technology and software development.
The morning reception will provide attendees with an insight into the opportunities offered by the prospering Kuwait economy.
Attendance would be particularly useful for Senior Executives from the following sectors:
- Education & training
- Finance & banking
- Healthcare services
- IT & software development
- Oil & gas
This Roadshow is proving very popular, so please apply now to confirm your attendance. Please note that all applications are subject to review by the Publisher.
- Explore the economic outlook for Kuwait and the wider region
- Discover the new opportunities created for investors and Kuwait’s diverse future economy
- Blend with foreign investors with varied investments in the Kuwaiti market
- Find out about Kuwait’s new pro-investment FDI laws, KDIPA’s One-Stop-Shop, and how to take the next step in investing in Kuwait.
Agenda - 8th Dec
8:00amRegistration and breakfast
9:00amCo-Chair’s opening remarks
Jonathan Wheatley, Deputy Emerging Markets Editor, Financial Times and Editor, EM Squared
9:10amOpening keynote remarks
H.E. Sheikh Dr. Meshaal Jaber Al Ahmad Al Sabah, Director General, Kuwait Direct Investment Promotion Authority
9:20amPresentation: Middle East economic outlook
• What is the regional outlook for growth?
• How have the Kuwaiti government and Kuwaiti businesses tackled the economic challenges ahead?
• How can investors in Kuwait benefit from economic developments in the wider region?
Farouk Soussa, Chief Economist, Middle East, Citi
9:40amPanel discussion: Focus on the new Kuwait
- What are the objectives of Kuwait’s economic plan and why is FDI an essential part of the plan?
- How is its business environment being developed? And what effect is that having on FDI into the country?
- Why are Kuwait’s oil & gas and fintech sectors suited to join FDI markets?
- Why are businesses choosing Kuwait? And how are they harnessing the opportunities of investing in the country?
- What is the Kuwaiti government’s role in attracting FDI?
- What challenges does Kuwait still face? And how are they being overcome?
Sheikh Dr Meshaal Jaber Al-Ahmed Al Sabah, Director General, Kuwait Direct Investment Promotion Authority
Abdullah Hamad AlJouan, Chairman and President, National Fund for Small and Medium Enterprise Development
Shaikh Nawaf Saud Nasir Al Sabah, Chief Executive Officer, Kuwait Foreign Petroleum Company
Courtney Fingar, Editor-in-Chief, fDi Magazine, Financial Times Group
10:55amKeynote speech: Kuwait’s emerging capital markets
Nayef F Alhajraf, Chairman & Managing Director, Capital Markets Authority, Kuwait
11:15amPresentation: Kuwait’s plan for the future
Khaled A Mahdi, Secretary General, Supreme Council for Planning and Development, Kuwait
11:35amSpecial insight: Finance and technology for Kuwait’s future
- What are the roles of FDI and capital markets in fostering a competitive business environment?
- What impact is the banking sector having on Kuwait’s economy? And how does it support FDI for global and regional investors?
- What is the relationship between industry, technology and the economy in Kuwait?
- How is Kuwait’s business environment evolving from developments in the fintech sector?
- How is the fintech sector impacting on Kuwait’s FDI environment?
Majed Essa Al- Ajeel, Chairman, Kuwait Banking Association, and Chairman, Burgan Bank
Manaf A Alhajeri, Chief Executive Officer, Kuwait Financial Centre, Markaz
Ghosson Al-Khaled, Deputy Chief Executive Officer, ACICO GroupModerator:
Jonathan Wheatley, Deputy Emerging Markets Editor, Financial Times and Editor, EM Squared
12:20pmCo-Chair’s closing remarks
Courtney Fingar, Editor-in-Chief, fDi Magazine (Financial Times Group)
H.E. Sheikh Dr. Meshaal Jaber Al Ahmad Al Sabah
Sheikh Dr Meshaal Jaber Al-Ahmad Al Sabah is the Director General of Kuwait Direct Investment Promotion Authority (KDIPA). He chairs the Permanent Committee for Streamlining Business Environment in Kuwait. He served as Chief of Kuwait Foreign Investment Bureau (KFIB) Division, Ministry of Commerce and Industry until July 2013. He was also Deputy Chairman of the National Offset Company (NOC) and Chaired the Ministry of Commerce and Industry’s ministerial steering group on the insolvency and creditor/debtor regime. He was a member of the Board of Directors at the Central Bank of Kuwait between 2012 and 2013. He worked in the Council of Ministers in various capacities between 2003 and 2008.
He has a PhD in HR and Marketing Management from the University of Portsmouth; an MBA from the Netherlands’ Maastricht School of Management (Kuwait branch); and a BA in Political Sciences and Public Administration from Kuwait University.
Manaf Abdulaziz Al-Hajeri
Manaf A Alhajeri has been the Chief Executive Officer of Kuwait Financial Centre, Markaz – a leading GCC asset management and investment banking institution – since 2004. Mr Alhajeri has also been the Deputy Director in the Investment department of the Kuwait Fund for Arab and Economic Development (KFAED). He serves as director or trustee on a number of private, governmental, educational, and non-profit boards and committees. He is a board member of Kuwait Direct Investment Promotion Authority (KDIPA) and the National Bureau for Academic Accreditation and Education Quality Assurance, Kuwait. In 2013, Mr Alhajeri was made a Knight of the National Order of Merit by the President of France.
He is an Institute of Management Accountants (USA) Certified Financial Manager (CFM) and has a BSc and an MSc in Civil Engineering from Kuwait University.
Sheikh Nawaf Saud Al-Sabah
Shaikh Nawaf S Al-Sabah has been Chief Executive Officer of Kuwait Foreign Petroleum Exploration Company (KUFPEC), the international upstream subsidiary of state-owned Kuwait Petroleum Corporation, since May 2013.
He previously spent 14 years at KPC, the final eight of which as Deputy Managing Director and General Counsel, acting as the principal in-house counsel as well as being an active member of its negotiating teams on strategic projects. He was also a board member of KPC’s international downstream subsidiary Kuwait Petroleum International (KPI) and MEGlobal, an olefins joint venture involving KPC’s petrochemicals subsidiary.
Between 2002 and 2004, Shaikh Nawaf was Head of KPC’s Washington Office, responsible for the development of downstream business opportunities and policy analysis in the US. Before joining KPC in 1999, he worked as a corporate transactions attorney for a major international law firm based in Los Angeles.
Shaikh Nawaf has an AB degree magna cum laude from Princeton University’s Woodrow Wilson School for Public and International Affairs and a Juris Doctor (Doctor of Law) degree cum laude from Harvard Law School.
Dr. Nayef Falah Al-Hajraf
Nayef F Alhajraf has been the Chairman and Managing Director of the Capital Markets Authority in Kuwait since 2014.
Previously, Dr Alhajraf has held positions including Director, Bank of Bahrain and Kuwait, Bahrain; Director, Kuwait Investment Authority; Minister of Finance, Government of Kuwait; Minister of Education; Commissioner, Kuwait Capital Market Authority, Kuwait; Board Member of the Supreme Council of Petroleum, Kuwait; CEO, First Abu Dhabi Real Estate Development Company, Kuwait; Vice Chairman, Kuwait Dynamics Limited Company, Kuwait; Chairman, Audit Committee, The Arab Investment Company, Riyadh, Saudi Arabia; Director, First Bahrain Real Estate Development Company, Kuwait; Director, The Arab Investment Company, Riyadh, Saudi Arabia; Chairman, Audit Committee, First Bahrain Real Estate Development Company, Kuwait; Financial Consultant, Kuwait Stock Exchange Market, Kuwait; Financial Consultant, United Nations Development Program, Ministry of Planning, Kuwait; Assistant Vice President for Academic Services, Gulf University for Science and Technology, Kuwait; Acting Head, Department of Accounting, Gulf University for Science and Technology, Kuwait; Business School Coordinator, Gulf University for Science and Technology, Kuwait; Assistant Accounting Professor, Gulf University for Science and Technology.
He has a Doctor of Philosophy in Accounting and Finance from Hull University Business School, UK; an MSc from the School of Accountancy, University of Illinois at Urbana-Champaign, USA; and a BSc from the College of Business Administration, Kuwait University.
Khaled A Mahdi
Khaled A Mahdi is the Secretary-Generalof the General Secretariat of the Supreme Council for Planning and Development (GSSCPD) of Kuwait and the Program Director of the Country Plan Action Program of the UN Development Programme (UNDP)in the country. He is a member on several high-level government boards and committees, such as the Public Authority for Industries, the Kuwait Institute for Scientific Researches, the Public Housing Authority, and the National Fund for SME, the Ease of Doing Business and Competitiveness Committee, and the Economic and Fiscal Reform Committee.
Dr Mahdi is responsible for overseeing and promoting the Kuwait National Development Plan, known as New Kuwait 2035. As a part of his effort to enhance planning in the country, he has established four development research centers at GSSCPD: the Kuwait Public Policy Center (KPPC) with a nudge unit (KPAL), the National Knowledge Economy Center (NKEC), the National Development Research Center (NDRC) and the National Sustainable Development Observatory (NSDO).
He chairs Kuwait’s National Standing Steering Committee for the Implementation of the UN Agenda 2030 for Sustainable Development Goals (SDGs), in addition to signing several MoUs with local and international organizations to bolster the GSSCPD’s capacity and to strengthen its relations with strategic partners.
Dr Mahdi was an Associate Professorin the College of Engineering and Petroleum at Kuwait University where he co-authored more than 65 publications and cofounded SYNERGY, a complex system research group. He also served as an Advisor for the Kuwait University strategic office and the Minister of Planning and Development Affairs office.
He has a BSc from the University of Toronto, Canada,and a PhDin Chemical Engineering from Northwestern University, USA. He is a Certified Consultant Engineer (CEng), a Project Management Professional (PMP)and PRINCE2, and a certified GCC Arbitrator. He has recently received the People First Leader GCC HR Award for his government services.
Farouk Soussa is Citi’s Head of Middle East Economics. He started his career in 1998 with the Bank of England, where he also spent 18 months on secondment to the Financial Services Authority (FSA). He left the Bank in 2004 to become Head of Middle East and Africa Sovereign Ratings at S&P, before joining Citi in May 2010. Dr Soussa holds a PhD in Economics from the University of Birmingham, UK.
Ghosson Al Khaled is the Deputy Chief Executive Officer of ACICO Group, a Kuwait-based company operating in the industrial, construction and real estate sectors.
ACICO Group operates in Kuwait, Saudi Arabia, Qatar and the United Arab Emirates, and has a team of more than 4,000 employees from over 15 different countries.
Ms Al Khaled joined ACICO Group in 2002 and has supported its growth by creating and leading inventive and profit-driven business strategies, client-focused solutions and technical operational excellence. As a result, the group has expanded across the Gulf Cooperation Council (GCC) states and significantly increased its profits.
In 2017, the World Economic Forum selected Ms Al Khaled to join its five-year Young Global Leaders programme that aims to find solutions for the world’s economic challenges.
She has also been appointed a member of Kuwait’s Supreme Council for Planning and Development and will be involved in shaping policies for the country's development strategy, Kuwait 2035.
Ms Al-Khaled is a civil engineer graduate from Kuwait University. She has an Executive MBA from Thunderbird School of Global Management, Arizona, and a Masters of Building Science from the University of Southern California, USA.
Abdullah Hamad AlJouan
Abdullah Hamad AlJouan is the Chairman of the Board and President of the National Fund for Small and Medium Enterprise Development.
He was previously Deputy General Manager of AlJouan Investment Company and Managing Partner for Finance and Operations at the Gusto Food Services group of companies. His career in finance and strategic investments includes roles at the Capital Markets Authority, Kuwait Financial Centre (Markaz) and Boubyan Bank.
Mr AlJouan served on the Steering Committee for First Bahrain Real Estate Development Company, representing major shareholders. He played a major role in negotiating and settling the company’s rights and entitlements and went on to become a Board Director.
He has a BSc in Business Administration from Daniels College of Business, University of Denver, Colorado, USA.
Courtney Fingar is the Editor-in-Chief of fDi Magazine, a specialist publication from the Financial Times, and the head of content for its associated data division, fDi Intelligence. In her role she oversees all elements of editorial production for the bimonthly magazine and its website, as well as editorial outputs for fDi Intelligence.
She is also the presenter for the ‘fDi On Location’ video series.
A trained journalist, she interviews political and business leaders at the highest levels about economic and investment issues, and has covered business stories in all major regions of the world. She has a special interest in post-conflict investment sparked by her on-the-ground reporting from Iraq in 2009-11.
She is a popular panellist and moderator at international economic gatherings and has appeared on television and radio in dozens of countries as a commentator on international investment.
Before joining fDi in 2004, she served as the editor of Trade & Forfaiting Review, a London-based magazine focusing on trade finance. She worked previously in Washington, DC.
Jonathan Wheatley is the FT's deputy emerging markets editor. He was Brazil correspondent from 2005 to 2011, when he moved to London. He lived in São Paulo from 1992, writing for the FT, Business Week, the Economist Intelligence Unit and many others. He previously worked in television news, current affairs and documentaries in London.
PRESENTED BY (2)
fDi Magazine provides an up-to-date image of the ever-changing global investment map.
Published bi-monthly with an ABC audited circulation of 15,284 active corporate readers and crossborder investment professionals, fDi Magazine is a central part of the fDi Intelligence portfolio of investment products and services from the Financial Times.
fDi Magazine is part of the fDi Intelligence portfolio of investment products and services from the Financial Times. Specialising in all areas relating to foreign direct investment and investment promotion, the fDi Intelligence suite also includes:
fDi Markets - The most comprehensive online database of crossborder greenfield investments available, covering all countries and sectors worldwide. It provides real-time monitoring of investment projects, capital investment and job creation with powerful tools to track and profile companies investing overseas.
fDi Benchmark - A platform to benchmark the competitiveness of countries and cities in more than 65 sectors. Its comprehensive location data series covers the main cost and quality indicators for more than 700 locations around the world.
fDi Reports - Provides sector, country, company and bespoke FDI reports, delivering vital business intelligence to corporations, investment promotion agencies, economic development organisations, consulting firms and research institutions.
The Financial Times is one of the world’s leading business news organisations, recognised internationally for its authority, integrity and accuracy. In 2016 the FT passed a significant milestone in its digital transformation as digital and services revenues overtook print revenues for the first time. The FT has a combined paid print and digital circulation of more than 910,000 and makes 60% of revenues from its journalism.
IN PARTNERSHIP WITH (1)
Kuwait Direct Investment Promotion Authority (KDIPA) is established in accordance with Law No. 116 of 2013 regarding the promotion of direct investment in Kuwait that aims to attract added value direct investments into Kuwait by promoting the country as an investment destination of choice by showcasing its unique attributes.
KDIPA’s responsibilities include licensing investments and granting incentives according to a transparent criterion, along with providing continuous investors facilitation and aftercare through its Investors Service Centre and is also part of the national one stop shop (OSS) at Kuwait Business Centre (KBC).
In addition, KDIPA manages its economic zones and the free zones as well as coordinating national efforts to streamline business environment, and enhancing Kuwait’s competitiveness to achieve economic diversification and sustainability.
As Kuwait’s designated IPA, KDIPA welcomes and encourages interested investors to settle their businesses in Kuwait in order to benefit from its dynamic project pipeline market, and to get the
chance to choose from a host of mega opportunities in various leading sectors with the ability to own up to a 100% equity share by establishing a legal entity in Kuwait or opening a full-fledged branch.
For more information:
Visit https://kdipa.gov.kw/en/ Follow @KDIPA
GOLD SPONSORS (2)
Mobile Telecommunications Company “Zain” was founded in 1983 in Kuwait as the first mobile telecommunications company in the Middle East and Africa. The Group’s flagship operation has enjoyed a proud history of achievements since then, including becoming the first telecom operator to launch a commercial GSM service in the region in 1994, as well as becoming the first telecom company in Kuwait to launch nationwide 4G LTE Internet services in 2012.
Looking ahead, Zain is following several strategic objectives, namely to consistently exceed customer expectations and maintain its leadership position by launching promotions and services that meet customers’ needs as per the highest quality standards through its largest network of branches and its dedicated call center (107).
As a main partner of the community in which it operates, Zain is keen on delivering its Corporate Sustainability and Social Responsibility through investing in and launching several sustainable initiatives that cater to education, health, environment, youth, sports, and other essential sectors. Zain believes that it has a responsibility to lead in the promotion of positive behavioral change within the community, and will continue to find ways to inspire and motivate people in leading humanitarian initiatives so as to foster a better world for everyone.
About Kuwait Financial Centre “Markaz”
Kuwait Financial Centre 'Markaz' was established in 1974, and has become one of the leading asset management and investment banking institutions in the Arab region. Markaz's Assets under Management (AUM) as of 30 June 2017 is KD 960 million (USD 3.17 Billion). Markaz was listed on the Boursa Kuwait in 1997.
Since its establishment, Markaz has sought to provide sophisticated and competitive financial services, which give its investors and clients a window on regional and global markets. Knowledge and innovation have been the values we relied on when launching financial instruments in the local market as well as those in MENA, East Asia, and North America, in addition to our participation in investment, industrial, and real estate projects, both locally and abroad. Markaz offers full-fledged services in asset management and investment banking.
Markaz has earned a credible name for itself amongst the top performing fund managers in Kuwait due to this strong and consistent performance spanning many years. The support of a qualified research team of experienced finance professionals helps the investment managers set their investment strategies.