Middle East Economic Survey


No 39


Kuwait Launches Four-Year Economic Revamp

Kuwait has launched a major economic revamp in the form of an ambitious KD31bn ($108bn) four-year development plan. Amongst its lofty goals are to boost the private sectors role in the economy, to hike the non-oil contribution and, along with envisaged subsequent development plans, to make Kuwait a regional and financial trade center by 2035. Passed in February this year by parliament, spending on...