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English news

01-Aug-2016

Kuwait to invest KWD4.75bn in 2017-18 development plan

Kuwait plans to invest KWD4.75bn (USD15.75bn) in its 2017-18 development plan, including KWD1.59bn to be endured by the state budget, the secretary general of the Supreme Council for Planning and Development said. The rest of the funds would come from the public sector, including the OPEC member's energy industry, and from private investors. The general government sector was providing 49.3% for the current five-year development plan, the oil sector was contributing 33.8% while the private sector was contributing 16.9%, he noted. (Reuters)

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