Kuwait: Executive regulations for attracting enterprise come into effect
The executive bill had been issued after it was endorsed by various officials
Kuwait: The Director-General of Kuwait Direct Investment Promotion Authority, Shaikh Dr Mehsa’al Al Jaber Al Ahmad Al Sabah, has announced that the executive bylaw of the 2013 law that regulates investments has been issued and is already effective. Kuwait News Agency, KUNA, quoted Shaikh Mehsa’al as saying that the executive bill had been issued after it was endorsed by the Deputy Prime Minister, Minister of Commerce and Industry Dr Abdulmohsen Al Madaj and published in the Official Gazette, thus becoming effective as of December 14. Shaikh Mesha’al said the authority is tasked with luring direct foreign enterprise, nationalising local businesses, improving the business environment, providing procedural facilities and removing snags in face of the businessmen.
