Enterprise Podcast Network

If you’ve been waiting for the right moment to invest in Kuwait and open a business, now might be the time to jump. As we head into the new year, there are a number of business opportunities that are attracting not just Kuwaiti investors but also investors from around the world. It seems that there is a real progressive movement taking place which is opening Kuwait up in all-new ways.

All you have to do is take a look at Kuwait national Fahad Alrajaan, who works with the Kuwait Public Institution for Social Security (PIFSS), which is the country’s pension agency. By doing this you’ll see just how progressive things have become. Not only is there a lot of care and research being put into its global investments, but providing a more progressive work ethic is making people take notice in all the right ways.

If you’re wondering what the best business opportunities are at this moment in Kuwait, read on to find out more.

HR/Job Consultancy Firm

There’s no better way to take advantage of the booming business industry in Kuwait than by opening your own HR/job consultancy firm. When you think about all the companies that are starting up or expanding, then you start to understand just how much staff will be needed. According to recent statistics, the number of migrant workers in Kuwait is actually greater than the country’s own workforce. Now is the time to get your foot in the door and start up a job recruitment and training firm.

Cash in on Technology and Gadgets

Just like in many other growing economies around the world, Kuwait is embracing technology and all it has to offer. With that said, the Kuwaiti people and their businesses have a real thirst for the latest and greatest in terms of technology. You may want to think about setting up a one-stop-shop for technology items such as smart phones, tablets, memory cards, software, and more. Tech gadgets are in high demand and showing no signs of slowing down.

Dental or Eye Clinic

This particular business is more of a traditional model, but can prove to be just as lucrative. If you do plan on opening one of these clinics, look for ways you can broaden the services and products you offer. For example, if you’re going to open an eye clinic you should be offering eye tests, glasses frames and lenses, fittings, eye drops, contact lenses, glasses repairs, etc. Again, it’s about becoming that one-stop-shop of convenience.

Your Own English as a Second Language School

With Kuwait competing on a global scale and welcoming investors from all over the world, there is a sudden interest on the behalf of Kuwaitis to learn English. This opens up another business venture. An English as a second language school can prove to be a very sound and wise investment.

On the flip side you may want to consider a specialty school instead, such as one that focuses on the arts or sports.

A Time for Opportunity

There really has never been a better time to start looking at opening a business in Kuwait, as there are all kinds of intriguing and potentially very profitable options currently available.

Have you been thinking about building a cinema in your community?  This can be an extremely exciting business idea and one that will benefit many people.  However, it’s important to remember that this is a business and it will cost you money to set up and run.  Below we’re going to cover the steps involved in starting your own community cinema.

1. Build a Strong Team

The first thing that you’ll need to do is build a strong team.  At the very least you will need people to help you with accounting, marketing, buying equipment and booking films.  With this team in place, you will then need to look at potential venues in your community. These don’t have to be traditional cinemas, as you can customize the venue for your needs.  Most community cinemas hold screenings once or twice a month, but it’s wise to pick somewhere that can be upscaled if it is a hit with your community.

2. Consider the Costs

Next, you’ll need to consider the costs.  Your main costs will include the venue and licenses, film booking and licenses, and any equipment you need for the space.  At a minimum here, you’ll need a good projector and sound system, some cinema seating, and things like cash registers and concession stands.  Check out Seating Concepts for your cinema seating, and ask a local gadget/technology store for their advice on the projector you’ll need.  You may want to hold a community fundraiser to help pay for the above costs, or you could charge an entrance fee to recoup them at a later date.

3. Obtain Your Licenses

It is illegal to screen a movie in a community setting without the proper licenses.  You will need a license for each film you screen, which can usually be purchased from your film distributor.  You will also need a license for your venue, which can be obtained from the local council.  You may also want to invest in insurance to protect you should anybody get injured while on the premises.  Also, if you plan to serve alcoholic drinks, you will also need to obtain a license for this.

4. Start Marketing

Once you have all of the above in place, you can choose your first film and start marketing it.  How you choose the first film is up to you, but you could ask the people in your community to vote on what they want to see to build up some buzz.  With the film chosen, you can hand out printed flyers, leave posters in shops or on advertisement boards, set up a website, and also use social media.  Word of mouth advertising will also be beneficial for a community cinema.

When the day of the first screening arrives, be sure to greet your community with big smiles and an open heart.  This could be the first of many great screenings, and you will become known in your area for your services.  We hope it goes well!