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,”
Who is next? Agility? Global Investment?
Source: Arabian Business.