How successful have the government’s investments been in broadening the downstream and wider industrial base of the country?
How successful have the government’s investments been in broadening the downstream and wider industrial base of the country?
Chemicals production is one of the leading lights of Kuwait’s industrial sector, an important contributor to its economy and an export earner. It is at the centre of the country’s drive to diversify its earnings and boost the value it obtains from its mineral wealth. Output is expected to rise as the national petrochemicals company and...
Economic diversification is at the heart of Kuwait’s long-term development strategy, as is establishing the country as a gateway to the northern Gulf and Middle East. The industrial sector has a central role to play in this, as the state looks to develop export-oriented businesses that can supplement hydrocarbons income and broaden the revenue...
Economic diversification is at the heart of Kuwait’s long-term development strategy, as is establishing the country as a gateway to the northern Gulf and Middle East. The industrial sector has a central role to play in this, as the state looks to develop export-oriented businesses that can supplement hydrocarbons income and broaden the revenue base. Under the Kuwait Development Plan (KDP) 2015...
The fall in oil prices led to significantly reduced government revenues for Kuwait in 2015. Despite this the country’s 2016 spending remained largely in line with previous years as the government opted to draw on its considerable financial buffers to help make up for budgetary shortfalls.
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