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FINANCIAL NEWS
Kuwait awards projects value USD 33.05bn in 2015
30 Mar 2016
(MENAFN) Marmore, a subsidiary of Kuwait Financial Centre “Markaz” proclaimed that Kuwait awarded projects value USD 33.05bn in 2015, grow of 20 percent.
Furthermore, the total value of projects given through 2014 and 2015 was USD 59.49bn; however this is yet to impact positively on areas of the economy.
On the other hand, for Q1 2016, there are 420 ongoing projects in the country, 19 projects valued at USD 112.2bn and another 20 projects valued USD 22.1bn.
In addition, some of the key areas that were predicted to be impacted are the banking (liquidity & credit growth) and capital markets (debt & equity).
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