Economy

The economic outlook appears broadly positive in the short to medium term, with production of oil, the backbone of the economy, reaching 2.8m bpd in 2012 and continued budget surpluses forecast for 2013/14. Spending linked to the National Development Plan should help to support the expansion of the non-oil sector, particularly via planned investments in infrastructure and industry. This chapter contains interviews with Bader Al Saad, Managing Director, Kuwait Investment Authority; Faisal Al Ayyar, Vice-Chairman, Kuwait Projects Company; and Abdulwahab Al Bader, Director-General, Kuwait Fund for Arab Economic Development.