Kuwait as a country has an open economy that relies heavily on its Oil industry. This has made the country face a myriad of challenges in trying to diversify its economy away from oil but the positive fiscal effect and some other unavoidable reasons has made it difficult to implement.
2010 saw Kuwait commit to spend up to $130 billion in an economic development plan stretching over five years to attract investments away from oil and to encourage the private sector to participate more in the economy. Kuwait’s labor market relies heavily on qualified foreign workers.
This is due to the fact that most graduates who are Kuwaitis lack the necessary Technical skills and competence levels required by the labor market leading to job opportunities for qualified freshers seeking job opportunities in Kuwait. The private sector in the country has also been unable to acquire qualified personnel that match the kind of professionalism they expect.
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