KDIPA was established in accordance with Law No. 116 of 2013 regarding the promotion of direct investment in the State of Kuwait, as a specialized public authority with financial and administrative independence. It is one of the economic implementing arms of the country performing developmental, promotional, regulatory, and advocacy roles.
Under the KDIPA law, foreign investors can establish companies in Kuwait with 100% foreign ownership as well as avail of several incentives and guarantees on fulfilling the required conditions laid down by the authority.