KIA’s Role in the Local Economy
KIA plays a pivotal role in the local economy. It directs and manages the State’s contributions and shares in various major economic entities.
KIA maintains an active involvement with economic and financial developments in Kuwait. It promotes and supports institutionalization of the market through setting up funds and companies to promote and finance local business, and participates in the launching of local investments that have feasible economic returns.
KIA helps develop the role of local financial companies by giving them the opportunity to manage some of their investments locally and abroad. The private sector’s regeneration will be maintained through privatization programs that KIA is committed to undertake. Additionally, KIA provides liquidity to the State's Treasury when needed. And, as detailed in the role of the Local Investment Department, KIA has set up several companies in the last few years, primarily to promote investment in Kuwait.