Middle East Economic Survey

VOL. LIII

No 6

8-Feb-2010

Kuwaits National Assembly Approves $107Bn Development Plan

Kuwaits National Assembly approved a KD30.8bn ($107.1bn) four-year (2010-14) development plan on 2 February, raising hopes that long-stalled major energy projects can now push ahead. Surprisingly for Kuwaits often fractious parliament, the bill was agreed almost unanimously, with 53 of the 56 legislators giving it the thumbs up. The plan is broad-based, encompassing oil and non-oil...