law of contract and company law and business closure among others. Kuwait in these respects ranks fairly well with its neighbors Bahrain, Saudi Arabia, Qatar among others where it is ranked 61 (The World Bank 2010).
Having given this background if offered a chance to address the leader of my country, I would ask him what the government is doing to enhance the ease of doing business in the country and more so in the area of investment both by local as well as foreign investors. The basic reason of asking this question is that the world is becoming more and more of a global business community. For countries which wish to be best positioned to doing business and increasing investment activity, creating a favorable environment of doing business is a necessity rather than a choice. Kuwait although well ranked as compared to its Arab world neighbors it has a long way to go as countries like Singapore are way ahead of it and yet it is one of the top 10 richest countries in the world considering the GDP statistics (The World Bank 2010). I may wish to know what the government is doing in respect to the various reference points mentioned above that are used to come up with the global rank on the ease of doing business.
The first issue lies with the number of procedures that one undertakes as an investor to start a business venture. In total the procedures are 13 which is relatively a long process than on average takes a month and 5 days (The World Bank 2010). This aspect makes investors chose to invest elsewhere so as to save on time and expenses associated with the long wait. My suggestion on this is to consolidate these procedures and their documentation as well as doing away with others all together. The other area is that of delays in construction permits which in overall takes over 100 days while registrations of actual properties takes 55 days at minimum. Taxation is ...
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