A representatives of Al Ruwayeh & Partners, a prominent corporate law firm with offices in Kuwait and Bahrain, recently discussed the global and regional economic and investment outlook during the yearly Euromoney conference in Kuwait.
Each year, the conference brings together senior government officials, market experts and business leaders, to discuss major issues in the global economy. This year’s subject was “Innovation in Uncertain Times” and set particular focus on the recent developments in the Kuwaiti financial sector.
Ahmed Barakat, managing partner at Al Ruwayeh, took part as a panelist. He commended the amendment of the Public Private Partnership (PPP) law, which reflected a welcome improvement in Kuwait’s corporate law structures.
“As experienced corporate lawyers, we constantly look forward to more transparency, which will help us work toward the success of Kuwait’s development plan,” Barakat said. “The recent legislative changes in Kuwait’s PPP law should play a role in supporting the country’s economic environment, and we value the government and parliament’s proactive and positive measures to fill in the legislative gaps and implement these rules in such a challenging market like Kuwait.”
Together with the streamlining of the Direct Foreign Investment Law, the cancellation of the offset program and the latest amendments to the capital market law, Kuwait has seen numerous initiatives recently to involve the private sector in national programs.
