Goldman Sachs announced the opening of a new office in Kuwait, marking a major step in its Middle East expansion. The move highlights the firm’s long-term vision to strengthen its regional footprint and build deeper partnerships. Moreover, the office reflects the country’s ambition to attract high-value investments and create new economic opportunities.
David Solomon, Chairman and Chief Executive Officer of Goldman Sachs, expressed confidence in Kuwait’s transformation strategy. He noted that Kuwait continues to accelerate reforms to boost economic growth and empower local talent. Furthermore, he emphasized that the Kuwait Goldman Sachs office will help the firm expand its capabilities, serve more clients, and drive innovation across the financial sector.
Goldman Sachs and Kuwait have maintained a strategic partnership for over five decades. During this time, they have collaborated on numerous projects in investment banking, capital markets, and asset management.
In addition, the firm launched a professional training initiative that develops skilled professionals for institutions such as the Kuwait Investment Authority and the Public Institution for Social Security. This collaboration, therefore, reinforces both nations’ goals of promoting financial excellence and leadership.
Sheikh Dr. Meshaal Jaber Al-Ahmad Al-Sabah, Director General of the Kuwait Direct Investment Promotion Authority, welcomed the expansion. He stated that Kuwait aims to attract global investors who align with the country’s Vision 2035 plan. Moreover, he added that nurturing local expertise and talent remains central to achieving sustainable growth. Through this initiative, Kuwait enhances its global presence and strengthens economic diversification.
To support the new operations, Goldman Sachs appointed Mohammad Almatrouk as Managing Director to lead the Kuwait Goldman Sachs office. He will focus on building relationships with clients and driving growth within the region. Additionally, the firm appointed Fahad Alebrahim as Managing Director in Private Wealth Management to enhance service quality for clients in the Gulf region.
As Goldman Sachs continues to expand across the Middle East, the Kuwait office represents a strategic hub for future investment opportunities. The firm remains committed to supporting regional growth while investing in local talent development. With this expansion, Kuwait further positions itself as a leading center for finance and innovation in the region.
