Why is Kuwaiti so expensive?

I'm curious to understand why Kuwait is known for its high costs of living. Could it be due to the country's abundant oil reserves, which drive up prices across various sectors? Or is it a result of the high standard of living that Kuwaiti citizens enjoy, with luxurious amenities and services? Additionally, does the country's strategic location play a role in its expensive nature, attracting international businesses and investors who demand premium services? It would be interesting to delve deeper into the specific factors that contribute to Kuwait's high cost of living.