9/20/2023 0 Comments Kuwait city global trade center![]() Today, Kuwait still has one of the largest shipping industries in the Persian Gulf region. Dhows, large wooden ships made from teak wood imported from India and made waterproof with shark oil, became a distinctive part of Kuwait’s maritime fleet, and were particularly important in the western Indian Ocean, as their sails took advantage of the monsoon winds. It had one of the largest sea fleets in the Persian Gulf region. ![]() Under the rule of the Al-Sabah, from 1756, Kuwait progressively developed as a centre of trade and commerce, soon becoming a central part of the trade in frankincense from Oman, textiles from China, and Indian spices, all destined for the lucrative European markets. The area attracted Arab nomads, migrating east in the hot weather, and provided a natural harbour for a port, particularly since the water is relatively deep. Kuwait takes its name from ‘k¯ut’ meaning ‘fortress built near water’, possibly referring to an earlier fort and military outpost built in 1672 by the Bani Khalid tribe, situated where the city now stands. As the capital of the state of Kuwait, it is the heart, limbs and brain of the country, home to 85% of the country’s population and containing Kuwait’s parliament, most governmental offices and the majority of Kuwait’s corporate and bank headquarters. Kuwait City, a gleaming metropolis of designer shopping malls, hotels and restaurants, has evolved dramatically in the last couple of decades.
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