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Kuwait has unveiled a new five-year development plan, targeting economic reform, and the realization of a number of long-stalled major projects.
The plan, due to start in 2015, was approved by the cabinet but still needs to be passed by parliament – not a simple matter given the bitter, intransigent nature of Kuwaiti politics.
The new plan has two main objectives: addressing the imbalances in the socio-economic development process by allowing the private sector to play a bigger role in development, and realizing the country’s strategic vision through the implementation of mega projects, Kuwait’s Minister of State for Development and Planning Affairs Hind al-Subaih says. (CONTINUED - 669 WORDS)