The new Kuwaiti investment law 116/2013 establishes an improved investment environment and institutional framework. It creates the Kuwait Direct Investment Promotion Authority (KDIPA) to serve as a one-stop shop overseen by a board with public and private sector representatives. The law aims to liberalize entry and licensing procedures while protecting investors. It guarantees no nationalization or expropriation of investments and ensures transfer of ownership and confidentiality. Investors are entitled to incentives like exemptions and advantages determined based on job creation, exports, technology transfer, and other criteria.