What is the Trend in Transactions Through the Years in Kuwait?
18 February 2023•
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Kuwait ranks third in the GCC, and 5th in the Middle East in terms of number of deals, which was 140 over the course of five and half years from 2017 till June 2022.
While the number of transactions was always above 30 from 2017 to 2019, from 2020 onwards, the number of transactions has fallen to below 20.
Speaking to industry experts, the pandemic has created a challenging operating environment in Kuwait, with regards to talent acquisition and retention.
With approximately 70% of the country’s population being expatriates, the preliminary lock-down measures in the country which forced the shuttering of many businesses triggered a mass exodus of the expatriate labor force.
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