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Kuwait To Allow Foreigners Full Ownership Of Companies
Kuwait may allow foreigners full ownership of companies in a push to attract more investments and boost the economy, Arab News reports. Abdullah Al-Sabah, deputy director general for investment operations at Kuwait’s Direct Investment Promotion Authority, highlighted the possibility of such a move in an interview with Al-Arabiya on Sunday. Al-Sabah said in the last five years Kuwait managed to attract 1 billion dinars ($3.3 billion) worth of investments in different sectors particularly technology, health and procurement.
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SOURCEÂ ARABTIMES
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