martes, 9 de abril de 2013

Special report on Kuwait published within the USA Today, by AFA Press partner agency


When most of the population listen the name Kuwait, the first word that comes up to their mind is oil. Petroleum, if you prefer. Well, the country has been putting all its recent efforts on diversifying its economy, focusing on structural key areas as education. One of AFA Press partner agencies, United World, was there to check on site the evolution of this process, to gather real information on the country’s economy and business and to interview some of the most relevant personalities and businessmen in Kuwait. As a result, the agency produced a special country report based on its on-the-field experience and conclusions and showing a portrait of the current situation and evolution of the country. This special report was published within the USA Today on Tuesday, March 19, 2013 and can be read on-line at Worldfolio.

As defended by Bayan Investment founder Faisal Ali Al-Mutawa, “Kuwait is a country with about 1 million citizens, 2 million expatriates and less than 9,000 square miles floating on 10% of the world’s proven oil reserves. […]It is one of the world’s richest countries with a third of a trillion dollars in assets, producing about 3 million barrels of oil a day which translates into a daily income of $300 million.” But during the last years oil is not enough for this Western-oriented emirate. In order to guarantee and propel its future in the current century, it is taking big efforts in developing proper health and education systems, modifying its political structure, promoting and adapting development plans or focusing on wealth management, among other relevant measures.