Kuwait plans to invest KWD4.75bn (USD15.75bn) in its 2017-2018 development plan, of which KWD1.59bn will be borne by the state budget, according to Khaled Mahdi, the secretary general of the Supreme Council for Planning and Development. Mahdi said that the rest of the funding would come from the public sector, including the energy industry, and from private investors. Mahdi added that financing of the current five-year development plan was being shared by both the public and private sectors. He further stated that the general government sector was providing 49.3%, oil sector was contributing 33.8% while the private sector was contributing 16.9%. (Kuwait Times)