Kuwait's government plans to establish an investment company for regional mega-projects, primarily targeting the Saudi market amid the Kingdom's economic boom and major transformational projects under Vision 2030, high-level Kuwaiti sources told Al Eqtisadiah on August 4.

The projects include strategic areas such as Neom, The Line, and the Eastern Province, which have become attractive investment environments for sovereign funds and major regional companies.

The initiative reflects the direct impact of Saudi Arabia's accelerating economic growth and increasing quality investment opportunities offered by massive development projects across various sectors, prompting Kuwaiti authorities to study ways to benefit from this momentum through a flexible investment entity capable of entering promising markets.

According to sources, Kuwait's Cabinet is currently studying a proposal to establish a massive investment entity with special legal status and initial capital estimated at KWD50bn (SAR610bn), serving as a sovereign arm to finance and operate major projects inside and outside Kuwait.

The company will focus on several strategic sectors, most notably energy, transport, infrastructure, smart cities, and industrial zones.

A high-level government source confirmed that the company's legal and operational structure will be submitted to the Cabinet in the coming weeks for approval, emphasising that this entity will contribute to enhancing Gulf economic integration and opening new horizons for joint development investments.

The planned investment company represents Kuwait's strategic response to capitalise on Saudi Arabia's economic transformation and the substantial opportunities emerging from the Kingdom's diversification efforts under Vision 2030.