Kuwait mulls plans to allow expats to fully own businesses in move to attract investment

Kuwait may allow foreigners full ownership of companies in a push to attract more investments and boost the economy, Zawya reports.
The plans according to Abdullah Al-Sabah, deputy director general for investment operations at Kuwait’s Direct Investment Promotion Authority, aim at boosting the economy.
Kuwait, Sabah said in an interview with Al-Arabiya on Sunday, is also working on the creation of four border economic zones to encourage foreign direct investments. Economic zones will enable Kuwait to achieve growth and expansion of the country’s GDP base, as the target value of total investment in these areas after four years is estimated in 322 billion dinars, he reportedly indicated.
The Gulf country, Sabah also revealed in the last five years, managed to attract 1 billion dinars ($3.3 billion) worth of investments in different sectors particularly technology, health and procurement.