Kuwait spends $60bn on 2035 Vision, another $100bn to be invested

      Published on Tuesday, 27 November , 2018      146 Views      Comments Add Comment
Kuwait spends $60bn on 2035 Vision, another $100bn to be invested


Kuwait has executed projects worth more than $60 billion towards its Vision Kuwait 2035 strategy with a further $100 billion still to be invested, according to a senior official.

Minister of Finance, Nayef Al-Hajraf, in a speech at the inaugural session of the Kuwaiti-Sino Investment Forum, said in comments published by Kuwait News Agency that many more projects will be finished by 2023.



He said the country is witnessing rapid development in all sectors, including information technology, communications, energy, construction and housing.

Currently, Kuwait is building the largest port in the Middle East – Mubarak Al-Kabeer Port – constructing a new passenger terminal at Kuwait International Airport, a petrochemical complex, oil refineries and renewable energy complexes, said the minister at the forum.

“Our approach is clear; as set by the Vision of His Highness the Emir for a new Kuwait by 2035, where it is aspired to be in the lead of renewable and sustainable energy producers, developer of the infrastructure and the human capital,”

he was quoted as saying.



He said Kuwait aspires to have a low dependence on oil, replacing it with human creativity and innovation, adding that more than $100 billion will be invested by 2035.

Keywords:
Category Government | 2018/11/27 latest update at 3:00 PM
Source : Arabian Business | Photocredit : Google
147 Views
Comments Add comment



Related Articles

The editorial staff of Kuwait Media would like to give all of its readers from Gulf and Kuwait and the whole world the opportunity to participate actively in the development of the website! If you have something interesting, fun, scandalous - just something worth to be seen from more people. Capture it and share it in the Kuwait Today with a short text.

Do you have information you want to reach our readers?

Send article/s

You can subscribe to our Facebook, Twitter and Google pages or use our RSS feed channel to always read the most important news about Kuwait, the Gulf and the world.

Latest Comments


Saudi King Sends Message to Kuwait Emir Emir

Saudi King Sends Message to Kuwait Emir

Custodian of the Two Holy Mosques King Salman bin Abdulaziz sent on Tuesday an oral message to Kuwaiti…

Emir Of Kuwait Honours Ministry Of Human Resources And Emiratisation Emir

Emir Of Kuwait Honours Ministry Of Human Resources And Emiratisation

Sheikh Sabah Al Ahmad Al Jaber Al Sabah, Emir of Kuwait, honoured the UAE Ministry of Human Resources and Emiratisation for…

Amiri decree issued to convene National Assembly Emir

Amiri decree issued to convene National Assembly

The Amiri Decree No. 284/2018 has been issued for the National Assembly to convene its third regular session…

Kuwait’s Industrial Auth. gleeful to meet His Highness Amir Emir

Kuwait’s Industrial Auth. gleeful to meet His Highness Amir

Officials from Kuwait’s Public Authority for Industry (PAI) said on Tuesday that they are proud to have been…

GULF TV

Popular in GULF TV

Around Kuwait in a double Decker Bus, after recent Flood

210 Views

Recent flood in Kuwait devastated normal life here for a few days. As we got a holiday, probably…

Latest videos in GULF TV

Technology

Kuwait lifestyle and lifestyle Kuwait news

Lifestyle

Kuwait lifestyle and lifestyle Kuwait news

Culture

Culture news and Kuwait culture news

Sport

Sport news from Kuwait and world sport news

Events

Kuwait Events and Events News

Government

Kuwait government News

Emir

News from the Emir of Kuwait