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Leading Kuwaiti economist Abdulaziz Mohammed Al Shaya dies at 94

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Pioneering Kuwaiti economist Abdulaziz Mohammed Al Shaya, credited with launching several commercial enterprises, had died, local media reported Saturday. He was 94.

Al Shaya, who had launched an early business career, founded a series of famous institutions including the National Bank of Kuwait, the Avenues Complex, the Kuwait Sheraton Hotel, and the Oberoi Madina. He also co-founded the Kuwaiti Red Crescent Society.

Al Shaya played a major role in boosting economic links between Kuwait and India. Early in his life, he went to India where he studied English and attended the secondary school at Saint Joseph School.

Several leading Kuwaiti newspapers, meanwhile, paid homage to Al Shaya, calling him “one of the builders of Kuwait’s modern renaissance”.

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