A report issued by the General Secretariat of the Supreme Council for Planning and Development in Kuwait revealed that Kuwait's investment on development projects included in the development plans until 2035 is about $ 165 billion, including infrastructure projects, the establishment of residential cities and new tourist areas with a sophisticated concept that simulates European countries.
According to the report, the work on new development projects will start early next year 2018, as part of a strategic plan through which the state is working on, which includes the division of the implementation of projects in phases over the next 18 years, according to a timetable approved by the government.
Infrastructure projects will be an abroad commercial crossing point for Kuwait, while the financial center, the second part of Kuwait Vision 2035, will initially rely on co-financing with the private sector, including citizens who will fund and own 50% of strategic projects, as per the Kuwaiti law.
According to the report, the projects implemented will result in job applications exceeding 400 thousand jobs over the next 10 years, reaching 650 thousand jobs by 2035, as Kuwait seeks through its development plans to encourage the private sector and provide employment opportunities for Kuwaitis.