1/21/2024 0 Comments Kuwait city in global trading hub![]() ![]() the share of the private sector from 26.4% to 41.9% of GDP.The second plan targets identified 2013 as the base year and included increasing: The second mid-range economic development plan (2015/2016-2019/2020) followed allocating around US$ 103 billion worth of investments over the 5 year period of the plan, with focus on 30 strategic projects in 9 crucial sectors: The Development plan hopes also to establish at least 150 SMEs, and 50 BOT projects, as well as training not less than 3000 nationals annually to develop human capital. To raise the share of R&D from 0.2 % to 1.0% of GDP. ![]() To increase the share of the national labor force from in the private sector from 4.8% to 8%.To raise the share of the private sector from 37% to 44% of GDP.The main objectives to be reached by the end of the four-year Development plan from the base year 2008?2009 are: Kuwait launched its first mid-range economic development plan (2010/2011-2013/2014) in May 2009, with a total investment of around US$107 billion over 4-years that focuses on the following sectors transport, utilities (mainly electricity generation and water desalination), industrial special zones, a technology park and a logistics zone. ![]()
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