Kuwait Elections and Economic Changes
Political analysts have said that Kuwait’s new government is not likely to bring about the long-overdue economic changes because its power balance is practically the same. There has no change as far as economic reform and privatization of industries is involved. The privatization bill allowing foreign companies to invest in and develop oil fields had been put on hold by parliament since 1992 and no new development is seen to change this scenario, as seen by the non-appointment of a permanent oil minister since June. Incoming investment is hindered by strict labor policies, too much red tapes and very limited access to land.