🎙️ EP. 74 — Is Kuwait Falling Behind the Gulf?

In this episode, we welcome back Issam Altawari to unpack Kuwait’s political and economic crossroads.

We explore Kuwait’s unique political dynamics, the challenges of reform and the country’s efforts to diversify beyond oil. 

From parliamentary deadlock to infrastructure and tourism projects, citizenship issues, and the role of the sovereign wealth fund, the conversation dives deep into what’s holding Kuwait back and what could unlock its potential.

We also discuss Kuwait’s geopolitical positioning, relations with the US, and its approach to climate change and ESG, as well as the urgent need to create a business-friendly environment to attract FDI.

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Chapters

• 0:00 Introduction & Overview of Kuwait’s Current Situation
• 2:32 Geopolitical Landscape and Kuwait’s Stance
• 4:26 Political Dynamics and Parliamentary Challenges
• 6:20 Economic Reforms and Infrastructure Developments
• 8:46 National Identity and Citizenship Issues
• 10:56 Tourism Initiatives and Economic Diversification
• 13:01 Sovereign Wealth Fund and Fiscal Challenges
• 15:03 Public Debt and Financial Management
• 17:28 Future Prospects and Development Projects
• 29:51 Creating a Business-Friendly Environment
• 31:31 Reforming Education and Healthcare
• 33:49 Challenges in Public Sector Reform
• 36:21 Kuwait’s Slow Reform Pace Compared to Neighbours
• 39:38 Investment Climate and FDI
• 44:02 Kuwait’s Geopolitical Position and Relations
• 49:43 Climate Change and Kuwait’s Commitment
• 52:05 Future Projects and Personal Endeavours