Page 15 - Al-Rashed Corporate Profile

KUWAIT FACT SHEET

I R A Q

Country Facts

Currency Kuwaiti Dinar (KWD) Q
GDP $ 118.271 Billion
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Area 17,818 Km2
Population 4,420,110 R
Capital City Kuwait City I A
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Language Arabic
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OVERVIEW S A U D I N G

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R A U

Kuwait, officially the State of Kuwait, is a B L
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country in Western Asia, situated in the northern edge I

of Eastern Arabia at the tip of the Arabian Gulf, it is A
bordered by the Arabian Gulf from the East, Iraq from the
North and west and Saudi Arabia from the South.

Kuwait has been ruled by the AL-SABAH dynasty since the 18th Century. The
threat of Ottoman invasion in 1899 prompted Amir Mubarak AL- SABAH to seek protection
from Britain, ceding foreign and defense responsibility to Britain until 1961, when the country
attained its independence. Kuwait was attacked and overrun by Iraq in August 1990, following

several weeks of aerial bombardment, a US-led UN coalition began a ground assault in
February 1991 that liberated Kuwait in 4 days. In 1992, the Amir reconstituted the parliament
that he had dissolved in 1986.

Kuwait is a constitutional sovereign state with a semi-democratic political system. Kuwait has a
high-income economy backed by the world’s sixth largest oil reserves. According to the World
Bank, the country has the fourth highest per capita income.

14 Al-Rashed International Shipping Co. K.S.C.C Al-Rashed International Shipping Co. K.S.C.C 15