Abdulaziz Al-Marzouq: Kuwait Advances Efforts to Build a Diversified and Competitive Economy

State Minister for Economic Affairs and Investment and Acting Minister of Commerce and Industry, Abdulaziz Al-Murrouq, stated that the State of Kuwait is continuing its efforts to build a more diversified and competitive economy, enhance the role of foreign investment, and create an attractive investment environment for long-term investments. This was said in a speech delivered by Minister Al-Murrouq on Tuesday during the opening session of the 30th Global Investment Forum, organized by the World Association of Investment Promotion Agencies (WAIPA) in Geneva under the theme “Enhancing Investment for Shared Prosperity: Towards Resilient and Sustainable Investment,” with the participation of several ministers, senior officials, and representatives of international organizations and investment institutions.

He emphasized the importance of linking foreign investments with national capabilities and local suppliers, as well as transferring knowledge and technology, to maximize value added to the national economy. He stressed the importance of shifting focus from merely attracting investments to directing them toward achieving sustainable economic value, noting that the success of investment policies is no longer measured solely by the volume of foreign direct investment inflows, but by their contribution to raising productivity, transferring technology, creating quality jobs, and fostering innovation and sustainable growth.

He clarified that the coming phase requires strengthening economic resilience, prioritizing investments, developing regulatory frameworks, improving the efficiency of government procedures, and enhancing long-term partnerships with investors.

Minister Al-Murrouq participated in chairing a ministerial roundtable session titled “The Next Decade for Global Investments,” which discussed the future of international investment flows, the challenges and opportunities facing countries in attracting investments, and the importance of developing investment policies in line with global economic and technological transformations.

Kuwait’s participation in the conference comes as part of its commitment to strengthening its presence at international economic and investment forums, exchanging expertise and experiences, and expanding cooperation with international partners to support sustainable economic development goals.