Kuwait: HH the Amir Sheikh Meshal Al-Ahmad Al-Jaber Al-Sabah received at Bayan Palace on Sunday Chairman and CEO of Goldman Sachs David Solomon and an accompanying delegation. HH the Amir affirmed, during the reception, Kuwait’s keenness to boost investment horizons, bolster business environment competitiveness and build partnerships with global companies, which would contribute to the diversification of the economy, transfer expertise, localize technologies, attract quality investments, enable national cadres and create promising opportunities in support of the country’s sustainable development path.

Solomon said that he looked forward to bolstering cooperation with Kuwait, contributing financial and investment expertise to support economic modernization programs and the goals of the New Kuwait 2035 vision.

The Goldman Sachs Group, Inc announced on Monday the opening of an office in Kuwait, furthering the firm’s commitment to the country and the region. “Kuwait is driving forward a rapid transformation to deliver economic growth and opportunities for its citizens,” Solomon said in a press statement. “We look forward to deepening our longstanding partnership with Kuwait as we establish this office to grow our capabilities across the Middle East and better serve our clients,” he said.

Goldman Sachs and Kuwait have been strategic partners for 50 years, collaborating on investment banking, capital markets and asset management initiatives. A core part of the partnership has been a Goldman Sachs-led professional training program to develop local talent within the Kuwait Investment Authority (KIA), the Public Institution for Social Security (PIFSS) and the Kuwait Fund, spanning multiple disciplines. The firm will continue investing in the recruitment and development of top Kuwaiti talent to serve its regional and global client base.

“Kuwait remains committed to attracting high-impact, long-term global investors who contribute to our national

priorities, particularly in talent development and the nurturing of local expertise,” Director General of Kuwait Direct Investment Promotion Authority (KDIPA) Sheikh Dr Meshal Jaber Al-Ahmad Al-Sabah said. “These efforts directly support our economic diversification strategy and reflect our broader vision for sustainable growth and global integration, in line with Kuwait Vision 2035,” he said.