Forthcoming report on Kuwait to map out banking industry’s pivotal role in underpinning new economic growth

Forthcoming report on Kuwait to map out banking industry’s pivotal role in underpinning new economic growth

Kuwait City: The key role earmarked for Kuwait’s banks in driving forward the country’s economic development plans will be explored in a forthcoming report by the global research and advisory company Oxford Business Group (OBG).

The Report: Kuwait 2023 will shine a spotlight on efforts under way to transform the country into a knowledge-led, digitalised economy, in line with the targets laid out in Vision 2035, the national roadmap for diversification.

Kuwait’s plans to carve a niche as an international financial centre will be a focal point, with in-depth analysis provided of topical sectoral-related issues, including the need to make cyber security a priority and growth opportunities in the Islamic banking and fintech segments.

The national drive taking shape to increase the private sector’s contribution to growth will also be examined, together with the part that lenders are expected to play in providing sustainable financing.

Other subjects set for coverage include the steps being taken to enhance Kuwait’s business environment with the aim of attracting new investment.

OBG has signed a first-time memorandum of understanding (MoU) with the Kuwait Banking Association (KBA) to support its research. Under the agreement, the KBA will contribute to the Banking Chapter of The Report: Kuwait 2023 and other content