Kuwait among top 20 countries in Ease of Doing Business 2020 index

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KUWAIT, Sept 27 (KUNA) — Kuwait was ranked among the top 20 countries in the Ease of Doing Business 2020 index, out of 190 countries, said Kuwait Direct Promotion Authority (KDIPA) Friday.


In a press release, KDIPA pointed out that this global index is based on ten elements representing the commercial activities of enterprises.
It also noted that this preliminary declaration, which preceded the issuance of the report, showed that Kuwait has strengthened efforts to improve the business environment within the framework of achieving the national vision 2035 and its objectives.


Kuwait has made progress under the reforms carried out in six elements, namely starting commercial activity, obtaining electricity, registering property, obtaining credit and protecting minority investors’ rights and cross-border trade, it added.


KDIPA noted that the importance of this Kuwaiti achievement stems from its direct and indirect repercussions on making the investment climate in Kuwait more attractive and is conducive to achieving the national vision 2035 and its development goals, which increases the efficiency of the economic cycle and real job opportunities for the national workforce.

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