Kuwait plans to spend $116bn on development projects in its latest five-year plan for 2015-19. Implementation will need to be greatly improved from the current five-year period if the country is to hit its 4mn b/d oil output target.

Kuwait’s parliament on 11 February approved the country’s five-year development plan for 2015-16 to 2019-20. This envisages total government spending of KD34.2bn ($115.6bn). (CONTINUED - 1078 WORDS)