"I see great potential, and I am hopeful that one day we can develop a team," Austrian Berger said in a news conference on Monday.
Berger will reportedly make more visits to Kuwait, which borders Iraq and has the world's fifth largest oil reserves, in the next few months.
He said it is more important for Kuwait to buy into a team than to build a circuit and bid to host a grand prix.
"If there is a team in the country, you are in action every fourteen days," he said, adding that his talks are only in the initial stages.
"There is a chance for development. I am expecting to meet more Kuwaiti businessmen who are willing to be part of this project to develop motor sport in Kuwait," Berger added.