Middle East Economic Survey

VOL. XLVIII

No 45

7-November-2005

KUWAIT

NIG To Increase Capital By 33%

Kuwait-based National Industries Group (NIG) has announced plans to increase its capital by 33%, raising it from KD74.67mn ($255.71mn) to KD99.56mn ($340.89mn). This increase will help finance NIGs intended expansion in the petrochemicals, oil, gas and steel industries in the Gulf region, and finance various BOT (build-operate-transfer) projects planned in Kuwait. NIG is finalizing the procedures to...