Kuwait expects to earn $14 billion from non-oil sector

01 Nov 2010

(MENAFN) The Kuwaiti Deputy Prime Minister for Economic Affairs, Sheikh Ahmad al-Fahad al-Sabah, said that Kuwait aims to generate $14 billion in non-oil revenue by 2014, with the help of a four-year development plan, AP reported.

Kuwait’s parliament agreed upon the four-year development plan valued at $104.3 billion,
in hopes of decreasing the country’s dependence on oil, and boosting private sector participation in projects.

It is worth noting that Kuwait is the world’s fourth-largest oil exporter.

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