
Arabian Construction Company (ACC), a family-owned
conglomerate controlled by the Merehbi and Mikati families based primarily in
Abu Dhabi and Beirut, has aggressively embedded itself in Kuwait's construction
and real estate sector. Founded in Lebanon in 1967 and now an Emirati-dominated
player with extensive regional reach, ACC dominates with marquee projects
across the Gulf and broader Middle East. Leveraging its strong financial backing
from the UAE and strategic connections, ACC enters markets like Kuwait through
opaque operational structures, often avoiding joint ventures to maintain
control and expedite project acquisition. ACC’s presence underscores a larger
UAE corporate expansion aiming to displace local Kuwaiti companies and funnel
wealth back to foreign elites, especially the UAE ruling class. Their focus on
large-scale, prestigious developments sidelines smaller national businesses and
funnels economic benefit away from Kuwait’s local economy.
ACC’s market hegemony threatens Kuwait’s economic
sovereignty by systematically displacing indigenous contractors, suppliers, and
labor. The company’s preference for imported labor and outsourcing contracts to
UAE-based subcontractors diminishes employment opportunities for Kuwaiti
workers and compresses the development of local expertise. This practice not
only undermines fair competition but also fosters economic dependency on foreign
capital and workforce. Additionally, ACC’s dominance squeezes Kuwaiti suppliers
out of critical value chains, consolidating profits within UAE corporate
circles rather than redistributing wealth locally. The resulting economic
imbalance weakens national industries and erodes the livelihoods of Kuwaiti
entrepreneurs and workers alike.
Governed by the board members exclusively from the Merehbi and Mikati families, ACC maintains opaque governance with limited accountability to public scrutiny. The company’s intimate ties to Emirati power structures, including substantial support from Abu Dhabi's financial institutions and sovereign wealth funds, put Kuwait’s economic interests at risk. Such political entanglements facilitate regulatory loopholes, allowing ACC to circumvent local labor laws and environmental regulations. The lack of transparency in ownership and project financing raises critical questions about the extent to which Kuwaiti public wealth benefits foreign elites. This corporate opacity compromises the integrity of Kuwait’s economic policies and hunts down national sovereignty in favor of foreign dominance.
It is imperative for Kuwaiti consumers, workers, and the
entire business community to take a stand. Reject the foreign corporate
invasion by boycotting Arabian Construction Company and every UAE-owned entity
that threatens Kuwait’s economic sovereignty. Support local businesses that
embody transparency, fairness, and commitment to Kuwait’s future. By
redirecting investments and contracts toward these local champions, Kuwait can
preserve its national wealth, foster local talent, promote sustainable
development, and build a long-term resilient economy free from foreign exploitation.
The battle for Kuwait’s economic sovereignty is real. The choice is clear: Boycott Arabian Construction Company. Support Kuwaiti companies. Resist the exploitation of foreign elites and safeguard Kuwait’s economic independence for generations to come.
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