The Arab Monetary Fund (AMF) expects Kuwait to generate about $ 200 billion in revenues over the next 15 years, based in implementing more than 100 development projects.
According to the fund, among the important projects that Kuwait seeks to implement, the islands in the north of the country, which is planned to become a free zone, and is expected to generate revenues of more than $ 50 billion and provide 250,000 jobs in the non-oil sectors.
Kuwait is seeking to collect local and foreign investments amounting to about 500 billion dollars to implement the project of the islands and related investments, according to a government report published by the "Al-Araby Al-Jadeed" in July. Kuwait is also seeking to diversify its economy and strengthen the role of the private sector to reduce the dominance of the oil sector over state resources.
However, a report issued by “Capital International” predicted that Kuwait's surplus for the current fiscal year would reach about $ 20 billion, equivalent to 13.5% of GDP, without counting the deductions of 10% of revenues expected to exceed $ 66 billion.
Source: (Al-Arabi Al-Jadeed newspaper, Edited)
