State of Kuwait

1
State of Kuwait
???? ???????

• Kevin Xiao
• Mgmt 491

2
So Wheres Kuwait?

• That Green dot there?
• Thats Kuwait, aye that is.

• Kuwait City
• Deep water harbor
• Never mind the sand,
• this is the place to be

• 600 Oil Fields burned by retreating Iraqi forces
• Fires took more than nine months to extinguish
• Two years 50 Billion USD to recover
  infrastructure
• Good news Full Recovery

3
Commerce and Infrastructure

• Exports
• Oil
• More oil
• Did I mention oil?
• 104 billion barrels of it.
• 10 of worlds petroleum reserves buried here.

• Imports
• Water
• Food
• Textiles
• Machinery

• Infrastructure
• Well-maintained highways (over 5000 KM)
• Automobile and Bus transportation dominant
• Airports (4 major paved)
• Thriving deep-harbor Seaports for Import/Export
• Rail system under construction

4
And the People

• Culture
• Watch what you say.
• Im serious. Really watch what you say!

• Demographics
• Population of 3.5 million
• Kuwaiti Citizens are surprisingly a minority
• Islam as State Religion. 80 Muslim.
• 93 Literacy Rate
• Strong education system built from oil funds
• Strong social works programs erected by the
  Kuwaiti Government

• Media
• Comparatively liberal media
• Cosmopolitan maritime culture
• Television (One for every Two Kuwaiti)
• Internet Providers (3)
• Media state-owned

5
Politics, Tariffs, Red Tape

• Constitutional Monarchy
• Oldest directly elected parliament in Gulf region
• Best human rights record
• The Emir, Crown Prince, and Prime Minister
• Negligible 5 duty on most product
• Tobacco products 70 duty

6
Recommendations

• Historic trade hub
• Tremendous buying power
• Highly educated population
• Take your business here
• Leave your religious beliefs at home