Kuwait committed to building diversified, competitive economy: Al-Marzouq

11/11/2026 03:46 AST

Kuwait is pressing ahead with efforts to build a more diversified and competitive economy, expand the role of foreign investment and create an attractive environment for long-term investment, Minister of State for Economic Affairs and Investment and Acting Minister of Commerce and Industry Abdulaziz Al-Marzouq said on Tuesday.

Al-Marzouq was addressing the opening session of the 30th World Investment Conference in Geneva, organized by the World Association of Investment Promotion Agencies (WAIPA). The conference brought together ministers, senior officials and representatives of international organizations and investment institutions.

The minister stressed the importance of linking foreign investment with national talent and local suppliers and of transferring knowledge and technology to maximize the value added to the national economy. He called for a shift from merely attracting investment to directing it toward sustainable economic value.

The success of investment policies is measured not only by foreign direct investment flows but by their contribution to productivity, technology transfer, job creation, innovation and sustainable growth, Al-Marzouq said.

KUNA