The Kuwait Direct Investment Promotion Authority announced that the volume of Kuwait's projects implemented and planned for implementation amounted to 198.2 billion dollars, according to project expectations according to their sectors for the current year, in a report issued by the authority under the title: "Be part of Kuwait's vision...Invest in Kuwait" today. Tuesday.
The authority indicated that it is divided between the projects that have been implemented, amounting to 42.7 billion dollars, and the projects that are expected to be implemented with a value of 155.5 billion dollars, while the total projects implemented in the construction sector amounted to 13.1 billion dollars, and the projects expected to be implemented in the sector by about 51.6 billion dollars.
The Investment Promotion Authority added that the projects implemented in the transportation sector amounted to about 12.7 billion dollars, and the projects expected to be implemented at a value of 49.9 billion dollars. It includes $4.2 billion, and the projects expected to be implemented are $33.8 billion.
The Authority's report indicated that Kuwait has a huge set of attractive investment opportunities across various sectors, as it allocated more than 103 billion dollars in the field of infrastructure, as part of Kuwait's Second Development Plan 2015/2016 - 2019/2020.
The authority added: "Kuwait has also allocated an amount similar to the new five-year development plan concerned with developing infrastructure in many sectors, such as electricity, water and transportation, providing opportunities for international investors." and foreign investors.
Kuwait seeks to attract leading global institutions in the academic field to reach recognition standards and international education standards. According to the authority, Kuwait has allocated $8.7 billion to the education sector, equivalent to 12.3% of the total spending for the fiscal year 2020/2021, and this is higher than what was allocated in the budget for the year past 2019/2020.
It is noteworthy that Kuwait is one of the largest contributors in the field of health care, followed by the Kingdom of Saudi Arabia, where in 2019 Kuwait allocated 4% of its gross domestic product, and 11% of the total government budget for healthcare, estimated at $8.23 billion.
0 Comments