Nation Overview
Since ancient times, Kuwait has served as the gateway to the Middle East because of its geographical location. Kuwait has drawn upon the accumulated wisdom of countries around the world to power its own growth.
Kuwait offers a host of attractions and services to tourists and visitors to the country. It offers a world class experience in hospitality through its small yet strong hotel Industry. Kuwaitis are warm, hospitable, friendly and helpful, which makes a visit to the country a very enriching and memorable experience.
Economy
Kuwait has an open economy with proven crude oil reserves of about 96 billion barrels (15 km³), i.e. about 10% of world reserves. Petroleum accounts for nearly half of GDP, 90% of export revenues, and 5% of government income.
Kuwait Free Trade Zone
The strategic location of a country has always been an important determinant of its trade and commerce. Kuwait is, without doubt, perfectly located to service the emerging markets in northern Iran, Iraq…
Oil
As member of OPEC, Kuwait owns about 10 per cent of the world’s proven oil reserves. Its reserves of 96.5 billion barrels are expected to last more than 100 years. A Central Bank of Kuwait report put the country’s gas reserves in 1997 at 52.4 trillion cubic feet, or 1.1 per cent of the world’s proven reserves.