Kuwait grants Goldman Sachs fund license

The Kuwaiti Capital Markets Authority has issued its first corporate marketing license for foreign investment funds, directed to Goldman Sachs International, with the aim of enhancing the Kuwaiti market's attractiveness for foreign investments. The license authorizes the marketing of two funds: West Street Mezzanine Partners 9 Offshore LP and West Street Strategic Solutions Offshore LP. It is exclusively available to professional clients such as government entities and financial institutions with a capital of approximately one million Kuwaiti dinars. This step comes as part of the government's strategy to develop the financial market, improve the investment environment, and attract foreign capital, in line with Kuwait Vision 2035 to diversify the economy and increase regional and international competitiveness.

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