Thursday, January 24, 2019

Saudi Arabia & Kuwait

Boeing to set up shop in Kuwait
April 2018 384

Last month at the Kuwait Investment Forum 2018 (KIF2018), The Boeing Company announced plans to open a permanent office in Kuwait later this year.

Executive vice-president of government operations for Boeing, Timothy Keating, said: “The Middle East alone would need 63,000 pilots by 2035 as well as 69,000 technicians in addition to training to be offered for 100,000 crew. Such training partnerships are what we are looking at in Kuwait, so the young people here do not have to leave the country to be trained. We hope to add Kuwait to the list of our training centres as you have the right talent base and infrastructure here. We have about 50 employees now but watch the numbers grow.”

The investment forum, that took place from March 20 to 21 at the Jaber Al Ahmad Cultural Centre (JACC) in Kuwait City, also revealed the Northern Gulf Gateway, an integrated flagship project for realising the Kuwait National Vision 2035 that will open doors for investment opportunities for US, European, Chinese and Asian investors. 

The tourism, hospitality and leisure mega project will attract three to five million visitors annually and add $220 billion to the country’s GDP. The different zones in the project will include an educational hub; a centre for smart industry and future technologies and with a port of 8 million TEU capacity; a financial hub with a stock exchange, and a touristic destination that also will feature a world-class medical facility.

KIF2018 builds on the positive momentum gained globally following the country’s commitment to the Kuwait 2035 roadmap that aims to transform the nation into a world-class financial and commercial centre.


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