Kuwait, long reliant on oil for over 90% of its government revenue and more than half its GDP, now faces a crossroads. Amid global oil market volatility, regional tensions, and rising pressure to decarbonize, Kuwait is shifting gears. The government has laid out an ambitious blueprint — New Kuwait Vision 2035 — to diversify its economic base and reduce risk by investing in strategic non-oil sectors. In 2025, early signs of transformation are visible: Kuwait’s non-oil private sector PMI stood at 53.5 in July, reflecting solid growth .
So how is Kuwait preparing for an uncertain future? Let’s examine the key sectors it is targeting — and then look at the listed companies leading this transformation on Boursa Kuwait.
Financial Services & Green Finance
Logistics & Infrastructure
Digital Economy & Telecom
Kuwait is pushing for nationwide digital transformation, marked by heavy investment in telecom networks (especially 5G and beyond), smart city infrastructure, and ICT services. The creation of “Kuwait Tech Hub” also reflects this strategic pivot toward a knowledge-based economy.