Kuwait Review
April 2018

  Following the footsteps of its neighbouring countries, Kuwait has finally set a course to pursue economic diversity and reduce its reliance on oil.






April 2018

Kuwait’s non-oil sector is expected to maintain moderate and positive growth rates in the coming years. In his speech at the KIF 2018, Governor of the Central Bank of Kuwait Mohammad Al-Hashel pointed out that Kuwait’s economic indicators are encouraging and attractive to investors.






April 2018

Kuwait is set to launch 20 major development projects worth KD21.7 billion ($71.6 billion), including a railway network project and waste management plant, as part of its 2018-2019 development plan, said a report. Of these projects, Kuwait’s massive hydrocarbon sector has the lion’s share with a value of KD11.






April 2018

Technology giant Honeywell said it has signed an MoU with Equate Petrochemical Company, a global producer of petrochemicals, to help further develop innovative technologies to support operations at Equate’s industrial complexes.






April 2018

UAE-based Grandweld Shipyard and the Kuwait Oil Company (KOC) have announced the commencement of the production phase for building six pilot boats and four crew boats for KOC.






April 2018

Kuwait & Gulf Link Transport (KGL), an international logistics firm based in Kuwait, revealed that the US Army has awarded it a new contract to support heavy line haul operations for the US Military throughout the Middle East.






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