Regus: New Flexible Working Option in Kuwait Will Help Businesses Work and Grow

Regus expansion into 91st country strengthens its presence in Gulf

KUWAIT CITY - Tuesday, October 11th 2011 [ME NewsWire]

(BUSINESS WIRE)-- The positive economic outlookand growing demand for flexible workspace in Kuwait have inspired global workspace provider Regusto open its first business centre there. The opening at Kuwait City’s Shayma Tower, one of the most sought after business addresses -, means Regus now supports businesses in 91 countries worldwide.

With Kuwait’s growth prospects boosted by rising demand for oil and government plans to diversify the economy, Regus has opened the centre to help businesses maximise their opportunities. The launch builds on Regus’s recent investment in the Gulf, with openings this year in Dammam, Saudi Arabia, and Abu Dhabi in the UAE.

Mark Dixon, CEO of Regus, explains: “Through our business centres and solutions in the Gulf, we have helped countless local and international businesses to introduce more efficient ways of working, to expand, and to test new markets, all without upfront capital investment in infrastructure. We’re now extending this support to companies in Kuwait.”

The opportunities for businesses are being boosted by the government’s Development Plan, which aims to expand the role of the private sector. This, combined, with rising oil revenues, means real GDP growth of around 5% is projected for 2011.1

Regus’s own research in the Gulf backs this bullish forecast. The Regus Business Confidence Index released earlier this month sees more Gulf companies reporting healthy profit growth (45%) and increasing revenues (55%). Confidence levels are twenty points above the global average.

Regus’s decision to open its first business centre in Kuwait is also backed by the changing work patterns and how companies use real estate. According to Regus research, 81% of businesses globally offer flexible working options to staff with 60% believing flexible working is lower cost than fixed-office working.

“As businesses in Kuwait look to grow, the new Regus business centre here offers them a more efficient and more flexible alternative to traditional fixed ways of working.”Adds Dixon.

About Regus

Regus is the world’s largest provider of workplace solutions. With a network of 1,200 locations in 550 cities and 90 countries, it enables individuals and companies to work wherever, however and whenever they want to. For more information please visit: www.regus.com

1‘Staff report for the 2011 Article IV Consultation’, June 2011, IMF.

Contacts

Regus

Eva Glele

+44-1784-898293

eva.glele@regus.com