The Kuwait economy and Social structure is based largely on oil production. Oil and petroleum accounted for almost 50% of the gross domestic product (GDP) 95% of export revenues, and 80% of government income. The country had a record surplus of KD 11.4 billion (US$33 billion) in 2007-2008. Banking services, communication, educational and health facilities are as good as in advanced countries and have stable situation .

International Institute of Management and Technology Studies ( IIMTS ) recognizes its role that it is a nursery for tomorrow business managers who have to look beyond the balance sheet and become responsible stewards of the environment while they satisfy the shareholders.

IIMTS has taken several initiatives to make it unique, the best in this category. The institute has entered academic collaborations with international universities of repute. These include Azteca University, University of Nicaragua, Texila American University and Mahatma Gandhi University. The partnerships covers Student Exchange Study Tours, Faculty Exchange, Organizing Joint Conferences, and Joint Research and Project work.

Kuwait being one of the financial hubs is always looking for talented managers to cope up with increasingly global operations of local companies. International Institute of Management and Technology Studies (IIMTS) offers UGC approved management courses in Media management throughout Kuwait and other GCC countries.