Why is Kuwait so expensive?

I've often heard people say that Kuwait is an expensive place to live. Could you please elaborate on why that is? Is it due to the high cost of housing, transportation, or perhaps daily necessities like food and utilities? Are there any specific factors that contribute to the high cost of living in Kuwait, such as taxes or government regulations? I'm curious to know if there are any strategies or tips that people can use to reduce their living expenses in Kuwait, or if the high cost of living is simply a fact of life in the country.