KUWAIT Economic Development Plans

摘要

There is little doubt that 2009-2010 will be remembered as a turning point in the history of Kuwait, a country rich in natural resources and entrepreneurial talent located on the Arabian Gulf. Over the past two years, Kuwait has passed a series of economic reform measures, including new capital markets, as well as labor and privatization laws, and has created a $115 billion investment to be undertaken by the public and private sectors in the four-year development program. These measures will contribute to the "Kuwait Vision 2035," a sweeping plan to transform the country into a regional finance and trade hub.The development program's price tag may seem daunting, but Kuwait, whose oil revenue is expected to average $50 billion annually, has enormous reserves with which to fund it.