Mubasher: Kuwait plans to increase the industrial sector investment to KWD 1.7 billion ($5.6 billion) by 2020, the country’s Minister of Commerce and Industry said.
The GCC nation aims at raising the real growth of the industrial sector to more than 8.3%, Khaled Al Roudhan added on the sidelines of Kuwait industrial conference and forum.
Kuwait also targets to step up the industrial output by 25% of gross domestic product (GDP) in the next years.
Upon implementing this strategy, the investment capital is expected to rise to KWD 11 billion in 2035 from the current amount of KWD 5.2 billion, Al Roudhan noted.
