Welcome to Doing Business in Kuwait — 2021 edition. A lot has changed since we published our last version 18 months back, when Kuwait’s business priorities were entirely different from today as the pandemic was yet to begin. The business priorities have also changed since. COVID-19 has become the most significant business disruption in Kuwait since the Gulf War. 

While the entire world was struggling to keep pace with the spread of the virus, Kuwait had to consider the impact of low oil prices and the pandemic. The GCC countries that rely on oil revenues were hit harder as oil prices reached record lows due to a combination of falling demand and increased supply as OPEC+ alliance partners failed to reach a consensus in March 2020 on production cuts.