The Venture Capital & Private Equity
Country Attractiveness Index
Alexander Groh, Heinrich Liechtenstein, Karsten Lieser and Markus Biesinger

Kuwait  
Rank: 56 · Score: 49.0  

Basic facts        
Population (millions) 4.3   IPOs and pulic issues (quartile) 3rd
GDP (US$ billions) 158.5   M&A volume (quartile) 2nd
GDP per capita (US$) 37,119.4   Venture capital investments (quartile) 2nd
GDP growth (per cent) 0.9   Private equity investments (quartile) Bottom
 
 
 
Performance Overview
Indicator   Rank / 125 Rank Trend Score
VC/PE Country Attractiveness Index 56 62, 69, 68, 74, 69 49.0
1 Economic Activity 43 81, 68, 49, 89, 82 77.9
2 Depth of Capital Market 43 69, 82, 83, 82, 82 45.5
3 Taxation 12 110, 110, 111, 113, 113 113.9
4 Investor Protection and Corporate Governance 56 69, 71, 69, 69, 69 66.9
5 Human and Social Environment 77 47, 46, 49, 49, 48 29.1
6 Entrepreneurial Opportunities 85 49, 38, 35, 37, 40 38.7


 
Historic performance, 2019-2023   Key driver performance, 2023
 

   
VC/PE Rank  
VC Rank  
PE Rank
Kuwait  
Middle East
 
 
 
Peer Group Comparison
 
Regional Peers Economic Activity Depth of Capital Market Taxation Investor Protection and
Corporate Governance
Human and Social
Environment
Entrepreneurial
Opportunites
Saudi Arabia 85.2 76.4 106.5 90.7 40.9 47.8
United Arab Emirates 85.5 38.1 139.8 90.0 47.6 62.0
Oman 76.4 51.6 113.3 67.7 34.3 31.1
Kuwait 77.9 45.5 113.9 66.9 29.1 38.7
Qatar 83.7 32.8 127.8 47.2 42.1 50.7
Bahrain 70.2 32.0 101.3 77.5 35.1 40.7
Jordan 50.1 32.6 87.8 67.4 35.5 45.6
Last updated: 4 Nov 2023