Officials in Kuwait have made significant progress on long-awaited upgrades to Kuwait’s International Airport (KIA) by signing a $4.4bn contract to kick-start construction on a new terminal.
Kuwait
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Far-reaching reforms aimed at strengthening Kuwait’s national health care system are gaining momentum, as the government moves forward with its plans to rationalise public spending in the face of a rising budget deficit.
The Kuwaiti government remains committed to rolling out its ambitious infrastructure development plan despite uncertainty over global oil prices.
Economic update | Kuwait’s real estate sales rebound
16 Apr 2016
Real estate sales in Kuwait rebounded in February, following a slowdown in recent months, with commercial sales outpacing residential for the first time in eight years.
Economic reform is under way in Kuwait, after the Ministry of Finance unveiled a new six-point strategy last month aimed at restructuring the economy amid the slump in global oil prices.
Last month Kuwait announced plans to create a new fund to manage its domestic assets, signalling a key step forward in the country’s push to privatise state-owned companies.