Franchise Opportunities in Kuwait
Popular franchise directions in Kuwait
Attractiveness of Kuwait for the development of franchise business
Middle Eastern country, Kuwait has a total population of 2.7 million, the majority of whom live in Al Ahmadi (394,000), Hawally (164,212), and Sabah as Salim (139,163). Therefore, the most successful companies and businesses cluster mostly in these cities.
Kuwait's economy highly depends on petroleum, which makes it stable and wealthy. In 2010 the government of the country implemented the legislation focused on diversification of Kuwait's economy and attraction of foreign investments to the private sector.
Nearly all kinds of businesses are represented by franchising in Kuwait and the entrepreneurs got used to franchise models. The mentioned above together with high per capita income and high spending power of Kuwaiti people make favorable opportunities for both home-based and international franchise businesses.
Among the most quickly expanding franchise areas, food, retail, service and entertainment franchises are worth mentioning.
The government of the country looks for opportunities to prepare younger generations to work for the private sector, thus the country is very welcoming for quality education and training service franchise companies.
If an entrepreneur wants to start a franchise business in Kuwait, they should match their product to the tastes and culture of the country. They can also face several challenges like inconsistent policies and high business expenses.
There are high investment business opportunities, as well as cheap franchises in Kuwait presented for review, the choice is yours.
Indicators of Kuwaiti Business Market
Capital: Kuwait City
Currency: Kuwaiti dinar (KWD, د.ك)
Education Index (2015): 0,611
Official languages: Arabic
Per capita GDP (PPP): $69,669
Quality-of-life index (0-10): 7,18
Population: 4,05 mln
Total GDP (PPP): $303 billion
Ease of Doing Business Ranking, Rank: 97
Human Development Index (HDI): 0,803