As Kuwait’s economy continues to adjust to the new oil price environment the country’s government is pushing ahead with investment plans and reforms that promise to put the country on a sustainable growth path in the coming years.
A new expansion drive will see Kuwait invest $120bn in hydrocarbons projects through to 2030, with the aim of boosting both upstream and downstream production capacity ahead of an anticipated rise in energy demand.
As part of the New Kuwait 2035 development strategy unveiled in January, cost-cutting measures have begun to take hold in the health sector.
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Activity in Kuwait’s capital market picked up in 2017, as authorities accelerated plans to reform the country’s exchange in advance of its planned initial public offering (IPO).