MTC Official: "Kuwait Repels Investment"
Saad Al-Barrak, MTC
-
The Kuwait Chamber of Commerce and Industry - publicly and privately - have been saying it for years.
-
The Parliament has been saying it for years.
-
Reformers and Economists (i.e. Jassim Al-Saadoun) have been saying it for years.
-
Kuwait companies have been saying it for years.
-
Foreign corporations have been saying it for years.
And now a major multinational corporation (MTC) is moving its headquarters out of Kuwait. Here's a refreshingly candid and direct statement by Saad Al-Barrak, Deputy Chairman and Managing Director, MTC:
"The Kuwaiti business environment repels investment and the country's laws are not good for a financial hub,"
Ouch.
Who is next? Agility? Global Investment?
Source: Arabian Business.
0 TrackBacks
Listed below are links to blogs that reference this entry: MTC Official: "Kuwait Repels Investment".
TrackBack URL for this entry: http://www.hilaliya.com/cgi-bin/mt/mt-t.cgi/74


I agree with what Barak has said. He speaks the truth but then he said he was misquoted.