UTC’s main region of operation is Kuwait.

 

Kuwait has the world's fifth largest oil reserves and petroleum, with petroleum products now accounting for nearly 95% of export revenues and 80% of government income.

 

Kuwait has a GDP (PPP) of US$167.9 billion [1] and a per capita income of US$81,800[1] making it the 5th richest country in the world. [2] With a GDP growth rate of 5.7%, Kuwait has one of the fastest growing economies in the region. [2]

 

Kuwait has proven crude oil reserves of 104 billion barrels [1], estimated to be 10% of the world's reserves and a population of 3.5 million people with a low unemployment rate of 2.2%. [1]

Kuwait represents a proven market to launch your product and UTC is the perfect business partner to ensure successful distribution of your brand.

 

UTC has also formed an international subsidiary responsible for rolling out operations in the MENA region.  We have also expanded into Europe where we leverage our manufacturing capacities to produce perfumes in London.

In the near future, we will be looking at international expansion across the world.

 

 

1: CIA World Fact book - Kuwait
2: CIA World Fact book – Rank Order – GDP per capita (PPP)

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