Playing catch up

摘要

Our vision is to develop Kuwait as a regional financial and commercial cen-tre, and we envisage an active role for the private sector in achieving this goal," the new Amir, Sheikh Sabah Al-Ahmad Al-Jaber Al-Sabah, said in early May. The only problem with Kuwait's regional ambitions is that a few days later the launch of Saudi Arabia's King Abdullah Financial District in Riyadh was announced while Bahrain and Dubai are already slugging it out for financial supremacy along with relative newcomer Qatar with its new Qatar Financial Centre (see page 112).