Kuwait has unveiled a new 15-year residency scheme designed to incentivize foreign investment and attract skilled professionals. The program targets investors and senior executives who meet specific criteria, notably a minimum investment of KD5 million. This marks a substantial change in Kuwait’s policies, traditionally restrictive regarding long-term residency for foreigners. The initiative aims to bolster the nation’s economy by diversifying away from its reliance on oil revenues and fostering greater foreign direct investment. By offering extended residency, Kuwait hopes to provide investors with the stability needed for long-term business planning and growth. The move signals a broader effort to modernize the country’s economic landscape and enhance its global competitiveness.