Free Trade Zone

Kuwait's Free Trade Zone (FTZ) which was formally launched in1999 is located in a 1.5 million square-meter area in the western part of the main commercial port of Shuwaikh. The National Real Estate Company a private company in Kuwait is the authoritative body to develop and manage the zone. The company can retain 20% of the FTZ's operating profits and the rest of the profit will remain with the state. It can also hold 90% of the profits from any of the facilities that it builds and finances. The zone includes warehouses with storage facilities, exhibition grounds, banks, courier companies, and insurance companies. The enticement includes 100% foreign ownership without any commercial taxes or currency restrictions and competitive insurance.