After setting out a broad outline of the country’s second five-year development plan in August 2014, the government approved the KD34.15bn ($117.65bn) strategy in February 2015. The announcement builds on a successful year of project implementation in 2014 and emphasises a commitment from the authorities to maintain capital investment, despite...
The Kuwait Development Plan 2015-20 looks to address a range of challenges and hurdles that have hindered the country’s economic development strategy over the last five years. While 2014 proved to be a stellar year in terms of projects awarded and implemented, the government has recognised that reforms are required in order to maximise the...
Following a collapse of the international shipping market, in 2012 the container route from Shanghai to the Gulf through Dubai experienced the second-highest freight rate growth in the entire intra-Asian region. This is part of an emerging trend, with GCC-Asia trade maturing. A relationship that was once just based on energy demand is...
As a major global oil producer, Kuwait is a key member of both the Organisation of the Petroleum Exporting Countries and the GCC. Additionally, the country is one of the most politically dynamic in the GCC, which has afforded it strong foundations to help tackle recent issues concerning parliamentary elections and accountability. By continuing...
Pilgrimage forms one of the five pillars of the Islamic faith, and performing the Hajj at least once is mandatory for all Muslims who are physically and financially able to do so. The Hajj, however, can only be performed once a year over a specific five-day period. With an estimated 1.6bn Muslims in the world, catering for this requirement...
In common with other cities in the Kingdom, Makkah’s growing population and location have placed a strain on the management of its water resources. The city’s rapid urban development, not to mention the regeneration of existing urban areas, is also necessitating a substantial programme of investment to expand and upgrade wastewater and...
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