Free Trade Zones

In July 1995, the National Assembly passed Law Number 26 authorizing the Ministry of Commerce and Industry to establish free trade zones in Kuwait. In May 1998, the privately-owned National Real Estate Company signed a contract with the Ministry to operate, manage, and market the 50 square kilometer Kuwait Free Trade Zone (KFTZ) at Shuwaikh Port, which was inaugurated and opened in November 1999.