Kuwait

Displaying 103 - 108 of 168
Government investments in the transport sector are set to expand capacity at Kuwait’s ports over the next several years. Progress is being made on the new Mubarak Al Kabeer (MAK) port, while other infrastructure projects – including a 36-km causeway that will link Shuwaikh Port with Boubyan Island – are moving ahead.
While Kuwait’s FDI figures were up in 2012, far more capital still leaves the country each year than enters it. However, the government is working to reverse this, in part by improving the legal framework for foreign investment.
Ambitious plans to privatise segments of Kuwait’s health care services are gaining momentum as the government makes a two-fold bid to reduce waiting times at state hospitals and attract new investment for the sector.
Despite new state investments in infrastructure and a steadily rising population, the insurance sector in Kuwait is expected to grow more slowly than elsewhere in the Gulf.

Despite holding substantial oil reserves, Kuwait is stepping up its efforts to develop alternative sources of energy. In mid-June the government announced it was inviting bids for the construction of Shagaya, a renewable energy park, as part of its plan to generate 15% of its electricity through non-oil sources by 2030.

Limited uptake of new technology has had an impact on economic development in Kuwait, according to a recent report.

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