The Kuwaiti blue economy and its potential obstacles

Abstract

Kuwait's economy, predominantly driven by oil revenues, is at a transformative juncture with the exploration of the blue economy, which emphasizes marine and maritime resources. This study examines the viability of transitioning towards the blue economy, focusing on the government's commitment and the inherent challenges. Through a combination of literature review and expert interviews, the research unveils insights into the governmental strategies, the prevalence of corruption, inter-party conflicts, and maritime security concerns. While the blue economy emerges as a viable alternative, the study argues that its reliance alone may not sufficiently replace oil revenues. The findings advocate for a strategic integration of the blue economy, highlighting its potential to contribute to Kuwait's economic diversification and sustainability.