Mubasher: Kuwait’s overseas investments fell 5.8%, or KWD 1.3 billion ($3.73 billion), to KWD 18.22 billion ($60.13 billion) by the end of 2017, compared to KWD 19.35 billion ($63.86 billion) a year earlier, according to a survey issued by Central Statistical Bureau (CBS).
The banking sector acquired the biggest share of the GCC nation’s foreign investments with KWD 2.89 billion, followed by investing firms with KWD 2.84 billion, dominating 33.5%, while telecoms companies came third with KWD 2.69 billion.
Around ten countries acquired 85.3% of Kuwait’s investments abroad at a value of KWD 7.24 billion, led by Saudi Arabia with KWD 1.3 billion.
