Kuwait aims to carry out projects with a combined value of around 1.8 billion Kuwaiti dinars ($6 billion) in its current 2021-2022 development plan, a local newspaper has said. 

The plan, which started on April 1, includes 9 development programmes which comprise 132 projects to be undertaken by 43 government institutions, the Arabic language daily Al-Anba said, citing a government document. 

The report said one of the biggest projects in the plan involves the construction of an “international economic zone”. 

The report did not provide details of that project but said authorities have yet to determine its costs or location. 

Other projects in the plan comprise road expansions, infrastructure works in some areas, and other sectors, the report said, adding that the programme is the part of a five-year development scheme stretching to 2025. 

(Writing by Nadim Kawach; Editing by Anoop Menon)

(anoop.menon@refinitiv.com) 

Disclaimer: This article is provided for informational purposes only. The content does not provide tax, legal or investment advice or opinion regarding the suitability, value or profitability of any particular security, portfolio or investment strategy. Read our full disclaimer policy here.

© ZAWYA 2021