Researching business opportunities from outside Kuwait is easy. Data on exports to Kuwait by OECD countries can be used to analyse the market. Foreign government trade promotion agencies have information on market prospects and updates on new projects. These agencies also organise trade missions to Kuwait, a cost-effective way of making local contacts.
There are several sources of market-related information within Kuwait. Al-Kuwait Al-Youm, the official gazette, is the official source of government announcements but is published in Arabic only. English translation of all tender-related and regulatory matters is offered by a few translation offices on yearly subscription base.
The Ministry of Planning is the main source of government statistics. The Central Bank issues an Annual Economic Report. Research units in the IBK, commercial banks and Institute of Banking Studies are worth contacting. Foreign embassies have data on opportunities. Local foreign business associations provide good networking facilities:
- The British Business Forum (BBF) is an association of British business people which aims to foster British business interests and win business for the UK. The BBF works closely with the British Embassy where business-related meetings and seminars are organised regularly. A meeting, open to all, is usually held at 7:30pm on the second Monday of each month. Membership is not restricted to British nationals. Contact Ms. Wendy Duffield Tel:6811148, Fax: 3901760.
- The American Business Council - Kuwait (ABC-K) serves as the local chapter of the US Chamber of Commerce. Its objectives are the development of commerce and investment between the USA and Kuwait, bringing a better awareness of the Kuwaiti market to the USA, and providing a forum to pursue business interests and enhance the business climate in Kuwait. Membership & meeting information: Mr. John Copp/Ms. Sandy Anjiilzeli Pgr 933 7142.
- The Indian Business Advisory Council (IBAC) promotes economic and commercial relations between India and Kuwait. Most prominent Indian businessmen in Kuwait are members. The IBAC meets periodically to discuss business matters. Prominent Kuwaiti businessmen, as well as well known visiting Indian entrepreneurs, are invited to meetings to exchange views on economic and commercial matters. Tel: 253 0600. Fax: 252 5811.