New groundbreaking law set to attract Foreign Direct Investments to Kuwait | Al Bawaba:
"DLA Piper has welcomed the recently introduced Direct Investment Promotion Law in the State of Kuwait (Decree Law No. 116 for 2013), published in the Official Gazette (Kuwait Al-Youm) on 16 June 2013.
The new law will come into force six months from the date of issuance and is part of a number of legislative developments designed to install international best practices and further enhance the economic development of Kuwait, said a press release from DLA Piper.
Abdul Aziz Al-Yaqout, Regional Managing Partner, DLA Piper Middle East, said, "The new law is part of a number of recent, positive legislative developments in Kuwait's investment sector designed to encourage foreign investors as well as align it with international best practices.""
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