Political instability is deterring investors from putting as much money into Kuwait as they do into its GCC neighbours, an economist has said.
“It has a long way to go,” Dr John Sfakianakis, chief economist at Banque Saudi Fransi, said in an interview with Arabian Business. “It will take a lot of political stability for Kuwait to attract the same amount of money that the UAE and Saudi have been attracting for the past five years. It [will take] consistency and political resolve to make Kuwait a more business-friendly environment.”
A long-running feud between Kuwait’s elected parliament and royal-family led government has taken its toll on the state’s economic growth, leaving foreign investors wary.
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