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IndexLevelChg%
Large Cap3,912 -0.22
Med Cap3,902 0.08
Small Cap5,065 -0.07
Micro Cap8,584 0.50

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Kuwait Development Plan

Source: Global Investment House

Kuwait approves US$125bn Development Plan

Finally and in a move described as historic, the Kuwaiti national assembly initially approved the development plan up to 2013/14 –the first plan since 1986. This is a move that almost everybody was calling for to revive the Kuwaiti economy facing recessionary pressures since September 2008. The plan was approved with estimated KD37bn (US$125bn) of spending focusing on both oil and non oil economic sectors. The plan aims for turning Kuwait into a regional trade and financial hub through sustaining economic development, economic diversification and GDP growth.

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