Monday, 8 October , 2018     |     459      |      +      |     

Can Kuwait move away from oil dependence?

Can Kuwait move away from oil dependence? : Google
  • Gulf TV, Kuwait

Kuwait’s diversification agenda might be less well developed than the UAE or Saudi Arabia, but its efforts to boost its non-oil economy are key to future prosperity. As the Gulf country that relies the most on oil – it still accounts for 60 percent of its GDP – Kuwait had to confront the same economic realities as many of its neighbours when the price per barrel slipped below $30 in 2016, perhaps even more so. The country, however, has been able to face them head on with a combination of strong financial buffers, a growing service economy and an increasing appetite for foreign investment.


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Category: #Gulf TV, Kuwait | 2018/10/08 latest update at 7:20 AM
Source : Arabian Business | Photocredit : Google
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