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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
17 Sep 2025
BBK and CrediMax launch exclusive offers for customers in collaboration with The Ritz-Carlton, Bahrain
31 Aug 2025
BBK announces an exceptional 6-month grace period financing campaign for Personal and Car Finance customers
13 Aug 2025
BBK’s BD 5,000,000 Al Hayrat scheme awards BD 680,000 to 390 Al Hayrat winners in August and September
04 Aug 2025
HM the King’s Support for Youth is an Inspirational Model for Their Empowerment Journey
28 Jul 2025
BBK discloses its financial results for the half year ended 30th June 2025
20 Jul 2025
CBB approves the transfer of the retail banking operations of HSBC Bank Middle East, Bahrain Branch to BBK
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