FINANCIAL NEWS

Kuwait grants projects value USD 30bn

25 Nov 2015

(MENAFN) Kuwait granted projects value USD 30bn in this year, despite the huge decrease in oil profits, up almost USD 6bn on the total of a year earlier.

Accordingly, Kuwait was the only nation in the GCC to surpass Middle East Economic Digest (MEED) Projects, whereas KSA and UAE saw their project fell by half.

Moreover; in Saudi Arabia, the cost of projects jumped to almost USD 33bn and in the UAE it slipped to under USD 20bn.

In addition, Kuwait which provided agreements value USD 24bn last year, has projects worth more than USD 251bn planned to happen.

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