A newly signed deal will see the creation of Kuwait’s first solar-thermal energy generation station. The project is viewed as a crucial step towards achieving the country’s goal of increasing the share of renewables in the country’s energy mix and boosting private investment in the sector.
Improving liquidity and boosting market capitalisation are the focus of reforms under way at the Kuwait Stock Exchange (KSE), as the authorities work to reinvigorate the bourse’s growth.
Mobile operators in Kuwait are expanding domestic 4G LTE mobile broadband services in a bid to shore up profits and subscriber numbers, against a backdrop of falling international revenues.
With growth in the Kuwaiti banking sector hitting double-digit figures in 2014 − reaching its highest rate in the last seven years – momentum is set to continue this year, despite uncertainty surrounding the broader economy.
With the state planning to develop new rail links and upgrade its roads, seaports and airports, construction is set to surge in Kuwait over the coming years.
Key changes to the legislation governing Kuwait’s foreign investment policy are already yielding significant results across the country’s ICT sector, led by the market entrance of an industry giant.
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