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FINANCIAL NEWS
Kuwait plans for USD36b infrastructure projects
02 Oct 2015
(MENAFN) Kuwait is having nine infrastructure jobs worth USD36 billion through the next nine years, therefore it seeks to attract and invite private investors, not to mention foreigners.
Despite the fall in oil prices since 2014 has affected its income, the nation has massive developing schemes, ranging from power stations and waste treatment facilities to railway and metro systems.
The country is planning to share the cost of the projects with private investors who will acquire stakes in these businesses, thus bearing part of the risk and share profits from operating them.
“This has become an inevitable necessity because it reduces the burden on the state budget in light of falling oil prices,” said the president of the Kuwait Authority for Partnership Projects.
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