Kuwait Direct Investment Promotion Authority

Kuwait Direct Investment Promotion Authority (KDIPA) established in accordance with Law No. 116 of 2013 regarding the promotion of direct investment in the State of Kuwait, as a specialized public authority with financial and administrative independence. H.E. Minister of Commerce & Industry is the Chairman of its Board of Directors. KDIPA is one of the economic implementing arms of the country performing developmental, promotional, regulatory, and advocacy roles. Developmental role by contributing to the national goal of economic diversification, job creation and quality training for nationals, and extending the positive spillover impact for the local economy. Promotional role by attracting and encouraging value added and innovation based direct investment into Kuwait for the purpose of enhancing technology transfer and settlement. Regulatory role by receiving and approving applications for investment licensing and granting incentives in accordance with the transparent criteria set in the provisions of its establishing law, and in cooperation with relevant authorities. This entails providing aftercare services and facilitation as well as continued follow-up and monitoring throughout the life of the licensed projects, starting from when the business begins operations. Advocacy role by collaborating with various stakeholders to streamline business environment in Kuwait, in order to enhance the country’s competitiveness by identifying potential obstacles investors might face, and attempting to mitigate them, as well as disseminating available information and data in a transparent and timely manner.

26 Sep 2018

KDIPA participates in the GEKTC inauguration

Kuwait Direct Investment Promotion Authority (KDIPA) participated in the inauguration of the General Electric Kuwait Technology Center (GEKTC) on October 13, 2016 at the Center’s location in Al Sulaibiya, Kuwait. The inauguration ceremony opened with speeches by Mr. Steve Bolze, President and CEO of GE Power, H. E. Dr. Yousef Al Ali, Minister of Commerce & Industry and Chairman of the Board of Directors of KDIPA, H.E. Mr. Ahmed Al Jassar, Minister of Electricity and Water, and Sheikh Dr. Meshaal Jaber Al Ahmad Al Sabah, Director General of KDIPA, and Mr. Manaf Al Hajeri, CEO of Kuwait Financial Centre (Markaz). High-ranking officials and leaders were in attendance for the inauguration of the GEKTC, which was established with the support of KDIPA. GEKTC was granted an investment license by KDIPA in September 2015, to open their unique, state-of-the-art facility which is the first of its kind outside of the United States of America. The Center is set to feature tooling, engineering, and training facilities, to launch comprehensive training programs aimed at building Kuwaiti talent development in the technical sector. Moreover, the Center’s engineering research lab will host modern testing labs and computer simulators which will help in improving the understanding of power generation operations and troubleshooting methodologies in harsh environments.

Kuwait · 16 Oct 2016