The Kuwait region is a small, petroleum-based economy which has a leading position in the financial industry in the GCC. The Kuwaiti dinar is the highest-valued unit of currency across the globe whereas; the non-petroleum industries involve the financial services. Moreover, Kuwait is the second richest GCC economy per capita (after Qatar) however, according to the World Bank, Kuwait is the fourth richest region in the world per capita. Not only has this, but Kuwait is also one of the Middle East's foremost auspicious projects markets, bestowing a wide variety of opportunities in the segments of the project and in other areas for local, regional and international businesses. The private sector of this region has plentiful savings and the banking system is lucrative, well-capitalized, liquid and solvent. But despite Kuwait's enormous promise, companies looking for new business opportunities should always be equipped for unanticipated challenges.
Additionally, the Commercial Bank of Kuwait SAK (CBK) serves a wide assortment of banking products and services. It suggests the corporate and retail banking, investment banking and other financial products and services to both individuals and corporate customers. Moreover, the CBK also function as a financier for construction, power and infrastructure projects in Kuwait. The headquartered of CBK is in Safat, Kuwait. The commercial bank of Kuwait also serves personal loans, consumer loans, short term loans, long term loans, expatriate loans, remittances, corporate credit, treasury services, online banking, international credit, trade finance, and tijari funds.
Although, the Kuwait hospital market has accounted for constant growth in the terms of revenue with positive CAGR in the last five years (2012-2017). The healthcare facilities in public segment hospitals are at extremely subsidized rates. The private contribution to the healthcare segment is substantially low. In public sector hospitals, the healthcare services are at extremely subsidized rates. Due to this, a significant number of outpatients and inpatients in public segment hospitals is expressively sophisticated than the private sector. However, the mainstream of the revenues produced in the hospital market is from the private sector hospitals. This is owing to the massive difference in prices for healthcare services in public and private segment hospitals.
The Kuwait Projects Company Holding (KIPCO) is an investment holding company that functions in the financial services, media, and technology, education, real estate, manufacturing, and management and advisory sectors. Furthermore, Kuwait retail pharmacy market is in its rising stage and has augmented at an optimistic single-digit CAGR during the reviewed period of 2012-2017 majorly owing to the augmenting population, upsurge in the pharmaceutical imports, and increasing the prevalence of diseases such as Obesity, infectious and chronic ailments such as cancer within the country. Therefore, in the near future, it is estimated that the research market in Kuwait will increase across the globe more positively over the recent few years.