Promoting New industry in Kuwait Last updated on
Tuesday 20th April 2010
Local industries are of course encouraged and supported by the government. Some industries are protected by ban on the import of competing products. As an incentive, new industries are excused from paying customs duties on imported machinery or raw materials. The Industrial Bank of Kuwait also provides long term loans.
In addition, cheap rental costs for industrial land is a further encouragement and help to local industries.
If you have questions about operating practices or legal matters, you should contact the commercial section of your embassy in Kuwait. If you plan to do business in Kuwait for any length of time it would be advisable to consult a local lawyer.
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