MTC Official: "Kuwait Repels Investment"
Saad Al-Barrak, MTC
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The Kuwait Chamber of Commerce and Industry - publicly and privately - have been saying it for years.
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The Parliament has been saying it for years.
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Reformers and Economists (i.e. Jassim Al-Saadoun) have been saying it for years.
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Kuwait companies have been saying it for years.
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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.
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