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FINANCIAL NEWS
Kuwait will invest USD 1bn in tourism sector by 2025
05 Apr 2016
(MENAFN) Kuwait’s tourism sector is predicted to increase by 4.3 percent per annum through the next decade to 2025, with whole investment figure of USD 1bn.
Moreover, the country’s plan for long-term tourism growth received support in 2015, with airport passenger volume increasing from almost 10mn travellers.
Accordingly, tourism accounted for 1.5 percent of whole GDP last year, and is set to increase by 0.3 percent by 2025, which would take it to 1.8 percent, grow.
It is predicted that tourist arrivals at 440,000 by 2024, up from 270,000 in 2014 and increased capacity will grow by 6.2 percent per annum through 2025.
More News
02 Jul 2025
BBK launches the largest-ever Al Hayrat Prizes, offering BD 5 million to over 2,000 winners
12 May 2025
Alsharifi: “Proud of our strategic partnership with the Royal Humanitarian Foundation”
04 May 2025
BBK offers exclusive Mortgage Loans for luxury villas and apartments on Reef Island
30 Apr 2025
BBK discloses its financial results for the first quarter ended 31st March 2025
25 Mar 2025
BBK’s General Assembly Approves 35% Cash Dividend Distribution to Shareholders
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