KDIPA was established as an independent public authority in accordance with the new Law No. 116 of 2013 regarding the Promotion of Direct Investment in the State of Kuwait, which repealed its predecessor Law No. 8 of 2001 Regarding the Regulation of Direct Investment of Foreign Capital in the State of Kuwait. Consequently, the Kuwait Foreign Investment Bureau (KFIB) ceased to exist and all its assets, liabilities, obligations and decisions were transferred to the new authority.